OLOX vs SPRO: Correlation
Olenox Industries Inc. (OLOX) and Spero Therapeutics, Inc. (SPRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLOX and SPRO?
Over the past 3 years, OLOX and SPRO moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.31). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 8517.2 %².
By 3-year correlation, SPRO places #4 of the 11 assets tracked against OLOX. Correlation aside, the last 12 months split them widely, with SPRO ahead by 59.9 points (-98.8% 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.
OLOX vs SPRO: side by side
| OLOX (Olenox Industries Inc.) | SPRO (Spero Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -98.8% | -38.9% |
| 5-year return | -100.0% | -93.3% |
| Volatility (ann.) | 173.6% | 159.8% |
| Beta vs S&P 500 | 0.94 | 1.61 |
| Max drawdown (3Y) | -100.0% | -68.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLOX | SPRO |
|---|---|---|
| 2022 | -27.1% | -89.2% |
| 2023 | -26.7% | -15.0% |
| 2024 | -94.9% | -29.9% |
| 2025 | -93.9% | +126.2% |
| 2026 | -92.9% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLOX and SPRO good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OLOX and SPRO?
As of 2026-08-27, the correlation of weekly returns between OLOX and SPRO is 0.31 over 3 years, -0.01 over 1 year and 0.22 over 5 years.
Is SPRO a good diversifier for OLOX?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/olox-vs-spro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olox-vs-spro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OLOX correlations · SPRO correlations
