DHI vs SPRB: Correlation
How closely do D. R. Horton (DHI) and Spruce Biosciences, Inc. (SPRB) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and SPRB?
Over the past 3 years, DHI and SPRB moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.24 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -8563.3 %².
Among the 31 assets we track against DHI, SPRB ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 758.5 percentage points (-12.2% for DHI against +746.3% for SPRB). Risk is not evenly split, since SPRB carries 32.4 times the volatility of the other side.
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.
DHI vs SPRB: side by side
| DHI (D. R. Horton) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +746.3% |
| 5-year return | +59.2% | -99.8% |
| Volatility (ann.) | 33.5% | 1086.4% |
| Beta vs S&P 500 | 0.79 | -7.82 |
| Max drawdown (3Y) | -41.3% | -100.0% |
| Market cap | $40.6B | $0.2B |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | SPRB |
|---|---|---|
| 2022 | -16.8% | -75.4% |
| 2023 | +72.1% | +167.1% |
| 2024 | -7.2% | -85.7% |
| 2025 | +4.2% | -96.3% |
| 2026 | +1.8% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and SPRB good diversifiers for each other?
Yes. With a correlation of -0.24, DHI and SPRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DHI and SPRB?
The DHI/SPRB correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is SPRB a good diversifier for DHI?
Yes. With a correlation of -0.24, DHI and SPRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/dhi-vs-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhi-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHI correlations · SPRB correlations
