OTEX vs SPT: Correlation
How closely do Open Text Corporation (OTEX) and Sprout Social, Inc (SPT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTEX and SPT?
On 3 years of weekly data the OTEX/SPT correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 989.0 %².
Within OTEX's tracked universe of 15 assets, SPT comes in at #4 by 3-year correlation. On 12-month performance OTEX holds a 8.9-point edge, -20.7% against -29.6%. Risk is not evenly split, since SPT carries 1.7 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.
OTEX vs SPT: side by side
| OTEX (Open Text Corporation) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | -20.7% | -29.6% |
| 5-year return | -46.4% | -91.0% |
| Volatility (ann.) | 32.4% | 55.5% |
| Beta vs S&P 500 | 1.06 | 1.43 |
| Max drawdown (3Y) | -50.4% | -92.5% |
| Market cap | $6.1B | $0.7B |
| P/E (trailing) | 9.4 | – |
| Dividend yield | 4.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OTEX | SPT |
|---|---|---|
| 2022 | -35.9% | -37.7% |
| 2023 | +45.4% | +8.8% |
| 2024 | -30.4% | -50.0% |
| 2025 | +19.3% | -63.3% |
| 2026 | -21.0% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTEX and SPT good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OTEX and SPT?
As of 2026-08-27, the correlation of weekly returns between OTEX and SPT is 0.55 over 3 years, 0.56 over 1 year and 0.50 over 5 years.
Is SPT a good diversifier for OTEX?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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/otex-vs-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/otex-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OTEX correlations · SPT correlations
