DSY vs SPKL: Correlation
Big Tree Cloud Holdings Limited - Class A (DSY) and Spark I Acquisition Corp. - Class A (SPKL) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSY and SPKL?
Over the past 3 years, DSY and SPKL moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.53 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1106.0 %².
In DSY's tracked universe of 10 assets, SPKL sits right near the top at #2. Correlation aside, the last 12 months split them widely, with SPKL ahead by 87.3 points (-81.8% versus +5.5%). Risk is not evenly split, since DSY carries 14.2 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.
DSY vs SPKL: side by side
| DSY (Big Tree Cloud Holdings Limited - Class A) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | -81.8% | +5.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 168.9% | 11.9% |
| Beta vs S&P 500 | 1.72 | 0.07 |
| Max drawdown (3Y) | -99.2% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSY | SPKL |
|---|---|---|
| 2024 | -70.4% | +4.9% |
| 2025 | -91.3% | +7.4% |
| 2026 | -28.0% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSY and SPKL good diversifiers for each other?
Only partially. A correlation of 0.53 means DSY and SPKL 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 DSY and SPKL?
As of 2026-08-27, the correlation of weekly returns between DSY and SPKL is 0.53 over 3 years, 0.70 over 1 year and n/a over 5 years.
Is SPKL a good diversifier for DSY?
Only partially. A correlation of 0.53 means DSY and SPKL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/dsy-vs-spkl.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSY correlations · SPKL correlations
