SGU vs SPMC: Correlation
Measured on weekly returns over the past three years, Star Group L.P. (SGU) and Sound Point Meridian Capital, Inc. (SPMC) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGU and SPMC?
On 3 years of weekly data the SGU/SPMC correlation comes out at 0.30, moderate. The past 12 months show a tighter link (0.42) than the 3-year average (0.30). The 5-year figure is n/a, and annualized covariance runs at 171.7 %².
By 3-year correlation, SPMC places #4 of the 11 assets tracked against SGU. The last year tells two different stories: SGU led by 49.2 percentage points, +14.6% for SGU against -34.6% for SPMC.
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.
SGU vs SPMC: side by side
| SGU (Star Group L.P.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | +14.6% | -34.6% |
| 5-year return | +58.3% | n/a |
| Volatility (ann.) | 22.6% | 31.4% |
| Beta vs S&P 500 | 0.18 | 1.01 |
| Max drawdown (3Y) | -27.1% | -52.9% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 6.09% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SGU | SPMC |
|---|---|---|
| 2022 | +18.9% | – |
| 2023 | +0.7% | – |
| 2024 | +6.3% | – |
| 2025 | +9.0% | -22.5% |
| 2026 | +11.5% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGU and SPMC good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SGU and SPMC?
As of 2026-08-27, the correlation of weekly returns between SGU and SPMC is 0.30 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is SPMC a good diversifier for SGU?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/sgu-vs-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sgu-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SGU correlations · SPMC correlations
