CYPH vs SPRU: Correlation
Cypherpunk Technologies Inc. (CYPH) and Spruce Power Holding Corporation (SPRU) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and SPRU?
On 3 years of weekly data the CYPH/SPRU correlation comes out at 0.67, strong. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.67 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 18098.0 %².
SPRU is one of the assets that tracks CYPH most closely: it ranks #2 out of the 10 assets we track against CYPH. The last year tells two different stories: CYPH led by 521.6 percentage points, +549.5% for CYPH against +27.9% for SPRU. Note the risk asymmetry: CYPH runs 3.8 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.
CYPH vs SPRU: side by side
| CYPH (Cypherpunk Technologies Inc.) | SPRU (Spruce Power Holding Corporation) | |
|---|---|---|
| 1-year return | +549.5% | +27.9% |
| 5-year return | -89.0% | -96.5% |
| Volatility (ann.) | 319.9% | 84.6% |
| Beta vs S&P 500 | 1.42 | 1.03 |
| Max drawdown (3Y) | -94.9% | -83.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYPH | SPRU |
|---|---|---|
| 2022 | -86.1% | -72.2% |
| 2023 | -7.9% | -39.9% |
| 2024 | -30.6% | -32.8% |
| 2025 | -59.7% | +71.4% |
| 2026 | +62.9% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and SPRU good diversifiers for each other?
Only partially. A correlation of 0.67 means CYPH and SPRU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CYPH and SPRU?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.84 over the last year and 0.57 over 5 years.
Is SPRU a good diversifier for CYPH?
Only partially. A correlation of 0.67 means CYPH and SPRU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cyph-vs-spru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyph-vs-spru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYPH correlations · SPRU correlations
