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SAMG vs SPOK: Correlation

How closely do Silvercrest Asset Management Group Inc. (SAMG) and Spok Holdings, Inc. (SPOK) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.41
moderate
Correlation (1Y)
0.34
last 12 months
Correlation (5Y)
0.20
long-run
Ann. covariance
299.3
%² · weekly, annualized

How correlated are SAMG and SPOK?

Across a 3-year window, the weekly returns of SAMG and SPOK correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 299.3 %².

By 3-year correlation, SPOK places #8 of the 13 assets tracked against SAMG. Twelve-month performance is nearly a tie, at -35.6% for SAMG and -34.9% for SPOK.

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.

SAMG vs SPOK: side by side

SAMG (Silvercrest Asset Management Group Inc.)SPOK (Spok Holdings, Inc.)
1-year return-35.6%-34.9%
5-year return-20.3%+119.7%
Volatility (ann.)27.4%26.9%
Beta vs S&P 5000.750.60
Max drawdown (3Y)-44.1%-39.9%
Market cap$0.1B$0.2B
P/E (trailing)72.318.2
Dividend yield4.21%12.00%
Sector / categoryUS ListedUS Listed
Lower P/E: SPOK 18.2 vs 72.3Higher yield: SPOK 12.00% vs 4.21%Smaller drawdown: SPOK -39.9% vs -44.1%Higher 5y return: SPOK +119.7% vs -20.3%
-36%0%+4%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). SAMG · SPOK

Year-by-year returns

YearSAMGSPOK
2022+13.6%+2.9%
2023-5.7%+108.0%
2024+13.3%+12.1%
2025-13.0%-10.9%
2026-31.1%-14.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are SAMG and SPOK good diversifiers for each other?

Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.

FAQ

What is the correlation between SAMG and SPOK?

The SAMG/SPOK correlation stands at 0.41 on a 3-year window (1 year: 0.34, 5 years: 0.20), computed from weekly returns as of 2026-08-27.

Is SPOK a good diversifier for SAMG?

Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.

What does a correlation of 0.41 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

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SAMG vs SPOK: 3-year weekly correlation 0.41SAMG vs SPOK0.41

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Hubs: SAMG correlations · SPOK correlations