IT vs SPT: Correlation
Measured on weekly returns over the past three years, Gartner (IT) and Sprout Social, Inc (SPT) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and SPT?
Over the past 3 years, IT and SPT moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1228.2 %².
Among the 36 assets we track against IT, SPT ranks #11 by 3-year correlation. On 12-month performance IT holds a 9.4-point edge, -20.2% against -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.
IT vs SPT: side by side
| IT (Gartner) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | -20.2% | -29.6% |
| 5-year return | -36.0% | -91.0% |
| Volatility (ann.) | 40.6% | 55.5% |
| Beta vs S&P 500 | 0.92 | 1.43 |
| Max drawdown (3Y) | -77.2% | -92.5% |
| Market cap | $12.4B | $0.7B |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | SPT |
|---|---|---|
| 2022 | +0.5% | -37.7% |
| 2023 | +34.2% | +8.8% |
| 2024 | +7.4% | -50.0% |
| 2025 | -47.9% | -63.3% |
| 2026 | -22.1% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and SPT good diversifiers for each other?
To a limited degree. At 0.54 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 IT and SPT?
As of 2026-08-27, the correlation of weekly returns between IT and SPT is 0.54 over 3 years, 0.66 over 1 year and 0.52 over 5 years.
Is SPT a good diversifier for IT?
To a limited degree. At 0.54 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 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/it-vs-spt.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: IT correlations · SPT correlations
