LVWR vs SPRO: Correlation
Measured on weekly returns over the past three years, LiveWire Group, Inc. (LVWR) and Spero Therapeutics, Inc. (SPRO) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and SPRO?
On 3 years of weekly data the LVWR/SPRO correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (0.80). The 5-year figure is 0.65, and annualized covariance runs at 29415.4 %².
SPRO is one of the assets that tracks LVWR most closely: it ranks #2 out of the 17 assets we track against LVWR. Correlation aside, the last 12 months split them widely, with SPRO ahead by 26.3 points (-65.2% versus -38.9%).
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.
LVWR vs SPRO: side by side
| LVWR (LiveWire Group, Inc.) | SPRO (Spero Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -65.2% | -38.9% |
| 5-year return | -86.0% | -93.3% |
| Volatility (ann.) | 230.4% | 159.8% |
| Beta vs S&P 500 | 2.09 | 1.61 |
| Max drawdown (3Y) | -94.6% | -68.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVWR | SPRO |
|---|---|---|
| 2022 | -51.5% | -89.2% |
| 2023 | +133.2% | -15.0% |
| 2024 | -57.5% | -29.9% |
| 2025 | -8.1% | +126.2% |
| 2026 | -69.2% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and SPRO good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between LVWR and SPRO?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with -0.28 over the last year and 0.65 over 5 years.
Is SPRO a good diversifier for LVWR?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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/lvwr-vs-spro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvwr-vs-spro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LVWR correlations · SPRO correlations
