SPKL vs UK: Correlation
Measured on weekly returns over the past three years, Spark I Acquisition Corp. - Class A (SPKL) and Ucommune International Ltd - Class A (UK) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPKL and UK?
Across a 3-year window, the weekly returns of SPKL and UK correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -164.3 %².
Out of 17 assets tracked against SPKL, UK lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months SPKL outperformed by 85.5 percentage points (+5.5% for SPKL against -80.0% for UK). Risk is not evenly split, since UK carries 5.7 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.
SPKL vs UK: side by side
| SPKL (Spark I Acquisition Corp. - Class A) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | +5.5% | -80.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 11.9% | 67.7% |
| Beta vs S&P 500 | 0.07 | 0.52 |
| Max drawdown (3Y) | -15.7% | -96.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPKL | UK |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | – | -79.1% |
| 2024 | +4.9% | -68.3% |
| 2025 | +7.4% | -46.4% |
| 2026 | +1.0% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPKL and UK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPKL and UK?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is UK a good diversifier for SPKL?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/spkl-vs-uk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spkl-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPKL correlations · UK correlations
