DH vs SPT: Correlation
Measured on weekly returns over the past three years, Definitive Healthcare Corp. (DH) and Sprout Social, Inc (SPT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DH and SPT?
On 3 years of weekly data the DH/SPT correlation comes out at 0.46, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.46). The 5-year figure is 0.50, and annualized covariance runs at 1673.3 %².
By 3-year correlation, SPT places #5 of the 14 assets tracked against DH. Correlation aside, the last 12 months split them widely, with SPT ahead by 50.2 points (-79.8% versus -29.6%).
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.
DH vs SPT: side by side
| DH (Definitive Healthcare Corp.) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | -79.8% | -29.6% |
| 5-year return | -98.1% | -91.0% |
| Volatility (ann.) | 65.1% | 55.5% |
| Beta vs S&P 500 | 1.74 | 1.43 |
| Max drawdown (3Y) | -93.9% | -92.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DH | SPT |
|---|---|---|
| 2022 | -59.8% | -37.7% |
| 2023 | -9.6% | +8.8% |
| 2024 | -58.7% | -50.0% |
| 2025 | -30.2% | -63.3% |
| 2026 | -71.6% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DH and SPT good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DH and SPT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.56 over the last year and 0.50 over 5 years.
Is SPT a good diversifier for DH?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/dh-vs-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dh-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DH correlations · SPT correlations
