CSGP vs SPRB: Correlation
Measured on weekly returns over the past three years, CoStar Group (CSGP) and Spruce Biosciences, Inc. (SPRB) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSGP and SPRB?
On 3 years of weekly data the CSGP/SPRB correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.16 over 3. The 5-year figure is -0.12, and annualized covariance runs at -6356.7 %².
Among the 34 assets we track against CSGP, SPRB ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 811.3 percentage points (-65.0% for CSGP against +746.3% for SPRB). Note the risk asymmetry: SPRB runs 29.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CSGP vs SPRB: side by side
| CSGP (CoStar Group) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -65.0% | +746.3% |
| 5-year return | -62.7% | -99.8% |
| Volatility (ann.) | 36.5% | 1086.4% |
| Beta vs S&P 500 | 0.86 | -7.82 |
| Max drawdown (3Y) | -72.2% | -100.0% |
| Market cap | $12.7B | $0.2B |
| P/E (trailing) | 174.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CSGP | SPRB |
|---|---|---|
| 2022 | -2.2% | -75.4% |
| 2023 | +13.1% | +167.1% |
| 2024 | -18.1% | -85.7% |
| 2025 | -6.1% | -96.3% |
| 2026 | -53.4% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSGP and SPRB good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSGP and SPRB?
As of 2026-08-27, the correlation of weekly returns between CSGP and SPRB is -0.16 over 3 years, -0.20 over 1 year and -0.12 over 5 years.
Is SPRB a good diversifier for CSGP?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csgp-vs-sprb.json
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Related comparisons
Hubs: CSGP correlations · SPRB correlations
