MTEN vs SPKL: Correlation
Mingteng International Corporation Inc. - Class A (MTEN) and Spark I Acquisition Corp. - Class A (SPKL) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEN and SPKL?
On 3 years of weekly data the MTEN/SPKL correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.39). The 5-year figure is n/a, and annualized covariance runs at 892.7 %².
SPKL is one of the assets that tracks MTEN most closely: it ranks #2 out of the 17 assets we track against MTEN. Correlation aside, the last 12 months split them widely, with SPKL ahead by 105.5 points (-100.0% versus +5.5%). One caveat on sizing: MTEN is 15.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MTEN vs SPKL: side by side
| MTEN (Mingteng International Corporation Inc. - Class A) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | -100.0% | +5.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 179.9% | 11.9% |
| Beta vs S&P 500 | 2.36 | 0.07 |
| Max drawdown (3Y) | -100.0% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEN | SPKL |
|---|---|---|
| 2024 | – | +4.9% |
| 2025 | -86.5% | +7.4% |
| 2026 | -99.4% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEN and SPKL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTEN and SPKL?
As of 2026-08-27, the correlation of weekly returns between MTEN and SPKL is 0.39 over 3 years, 0.53 over 1 year and n/a over 5 years.
Is SPKL a good diversifier for MTEN?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/mten-vs-spkl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mten-vs-spkl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTEN correlations · SPKL correlations
