LADR vs SPOK: Correlation
Measured on weekly returns over the past three years, Ladder Capital Corp (LADR) and Spok Holdings, Inc. (SPOK) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LADR and SPOK?
Over the past 3 years, LADR and SPOK moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 219.9 %².
Among the 18 assets we track against LADR, SPOK ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LADR outperformed by 28.2 percentage points (-6.7% for LADR against -34.9% for SPOK).
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.
LADR vs SPOK: side by side
| LADR (Ladder Capital Corp) | SPOK (Spok Holdings, Inc.) | |
|---|---|---|
| 1-year return | -6.7% | -34.9% |
| 5-year return | +32.1% | +119.7% |
| Volatility (ann.) | 19.1% | 26.9% |
| Beta vs S&P 500 | 0.50 | 0.60 |
| Max drawdown (3Y) | -15.3% | -39.9% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 23.4 | 18.2 |
| Dividend yield | 9.33% | 12.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | SPOK |
|---|---|---|
| 2022 | -9.0% | +2.9% |
| 2023 | +25.2% | +108.0% |
| 2024 | +5.5% | +12.1% |
| 2025 | +6.7% | -10.9% |
| 2026 | -6.3% | -14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and SPOK good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LADR and SPOK?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.46 over the last year and 0.24 over 5 years.
Is SPOK a good diversifier for LADR?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/ladr-vs-spok.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ladr-vs-spok/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LADR correlations · SPOK correlations
