KEYS vs SPRB: Correlation
How closely do Keysight Technologies (KEYS) and Spruce Biosciences, Inc. (SPRB) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and SPRB?
Across a 3-year window, the weekly returns of KEYS and SPRB correlate at -0.13, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -5168.4 %².
By 3-year correlation, SPRB places #36 of the 43 assets tracked against KEYS. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 648.9 percentage points (+97.4% for KEYS against +746.3% for SPRB). Risk is not evenly split, since SPRB carries 29.5 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.
KEYS vs SPRB: side by side
| KEYS (Keysight Technologies) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +97.4% | +746.3% |
| 5-year return | +81.9% | -99.8% |
| Volatility (ann.) | 36.8% | 1086.4% |
| Beta vs S&P 500 | 1.58 | -7.82 |
| Max drawdown (3Y) | -31.4% | -100.0% |
| Market cap | $55.5B | $0.2B |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | SPRB |
|---|---|---|
| 2022 | -17.2% | -75.4% |
| 2023 | -7.0% | +167.1% |
| 2024 | +1.0% | -85.7% |
| 2025 | +26.5% | -96.3% |
| 2026 | +60.4% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and SPRB good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between KEYS and SPRB?
The KEYS/SPRB correlation stands at -0.13 on a 3-year window (1 year: -0.22, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is SPRB a good diversifier for KEYS?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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/keys-vs-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/keys-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEYS correlations · SPRB correlations
