PSFE vs SPRU: Correlation
How closely do Paysafe Limited (PSFE) and Spruce Power Holding Corporation (SPRU) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSFE and SPRU?
On 3 years of weekly data the PSFE/SPRU correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.24 over 3 years. The 5-year figure is -0.01, and annualized covariance runs at -1237.0 %².
SPRU is close to the least connected end of PSFE's tracked universe, ranking #9 of 13. The last year tells two different stories: SPRU led by 80.1 percentage points, -52.2% for PSFE against +27.9% for SPRU.
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.
PSFE vs SPRU: side by side
| PSFE (Paysafe Limited) | SPRU (Spruce Power Holding Corporation) | |
|---|---|---|
| 1-year return | -52.2% | +27.9% |
| 5-year return | -93.3% | -96.5% |
| Volatility (ann.) | 60.9% | 84.6% |
| Beta vs S&P 500 | 1.61 | 1.03 |
| Max drawdown (3Y) | -76.6% | -83.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSFE | SPRU |
|---|---|---|
| 2022 | -70.4% | -72.2% |
| 2023 | -7.9% | -39.9% |
| 2024 | +33.7% | -32.8% |
| 2025 | -52.7% | +71.4% |
| 2026 | -16.9% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSFE and SPRU good diversifiers for each other?
Yes. With a correlation of -0.24, PSFE and SPRU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSFE and SPRU?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.45 over the last year and -0.01 over 5 years.
Is SPRU a good diversifier for PSFE?
Yes. With a correlation of -0.24, PSFE and SPRU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/psfe-vs-spru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/psfe-vs-spru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSFE correlations · SPRU correlations
