RF vs SPRB: Correlation
How closely do Regions Financial Corporation (RF) and Spruce Biosciences, Inc. (SPRB) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RF and SPRB?
Over the past 3 years, RF and SPRB moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -5176.6 %².
Among the 44 assets we track against RF, SPRB sits near the bottom by co-movement, at rank #41. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 730.9 percentage points (+15.4% for RF against +746.3% for SPRB). Risk is not evenly split, since SPRB carries 37.2 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.
RF vs SPRB: side by side
| RF (Regions Financial Corporation) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +15.4% | +746.3% |
| 5-year return | +83.5% | -99.8% |
| Volatility (ann.) | 29.2% | 1086.4% |
| Beta vs S&P 500 | 1.09 | -7.82 |
| Max drawdown (3Y) | -31.9% | -100.0% |
| Market cap | $25.9B | $0.2B |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 3.45% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RF | SPRB |
|---|---|---|
| 2022 | +2.3% | -75.4% |
| 2023 | -5.7% | +167.1% |
| 2024 | +27.0% | -85.7% |
| 2025 | +20.2% | -96.3% |
| 2026 | +14.3% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RF and SPRB good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between RF and SPRB?
As of 2026-08-27, the correlation of weekly returns between RF and SPRB is -0.16 over 3 years, -0.37 over 1 year and -0.11 over 5 years.
Is SPRB a good diversifier for RF?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/rf-vs-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rf-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RF correlations · SPRB correlations
