INHD vs SPKL: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and Spark I Acquisition Corp. - Class A (SPKL) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and SPKL?
Across a 3-year window, the weekly returns of INHD and SPKL correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 18431.7 %².
SPKL is one of the assets that tracks INHD most closely: it ranks #1 out of the 25 assets we track against INHD. Their recent paths diverged sharply: over the last 12 months SPKL outperformed by 105.3 percentage points (-99.8% for INHD against +5.5% for SPKL). Risk is not evenly split, since INHD carries 188.1 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.
INHD vs SPKL: side by side
| INHD (Inno Holdings Inc.) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | -99.8% | +5.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2238.2% | 11.9% |
| Beta vs S&P 500 | -0.52 | 0.07 |
| Max drawdown (3Y) | -100.0% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INHD | SPKL |
|---|---|---|
| 2024 | -67.3% | +4.9% |
| 2025 | -99.0% | +7.4% |
| 2026 | -73.7% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and SPKL good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INHD and SPKL?
As of 2026-08-27, the correlation of weekly returns between INHD and SPKL is 0.69 over 3 years, 0.70 over 1 year and n/a over 5 years.
Is SPKL a good diversifier for INHD?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: INHD correlations · SPKL correlations
