SPKL vs WFCF: Correlation
Spark I Acquisition Corp. - Class A (SPKL) and Where Food Comes From, Inc. (WFCF) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPKL and WFCF?
On 3 years of weekly data the SPKL/WFCF correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 254.6 %².
Among the 17 assets we track against SPKL, WFCF ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +5.5% for SPKL and +10.4% for WFCF. One caveat on sizing: WFCF is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WFCF: side by side
| SPKL (Spark I Acquisition Corp. - Class A) | WFCF (Where Food Comes From, Inc.) | |
|---|---|---|
| 1-year return | +5.5% | +10.4% |
| 5-year return | n/a | +0.4% |
| Volatility (ann.) | 11.9% | 57.1% |
| Beta vs S&P 500 | 0.07 | 0.27 |
| Max drawdown (3Y) | -15.7% | -49.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 45.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPKL | WFCF |
|---|---|---|
| 2022 | – | -3.7% |
| 2023 | – | -3.0% |
| 2024 | +4.9% | -2.3% |
| 2025 | +7.4% | -13.2% |
| 2026 | +1.0% | +15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPKL and WFCF good diversifiers for each other?
Reasonably. At 0.36, SPKL and WFCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPKL and WFCF?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is WFCF a good diversifier for SPKL?
Reasonably. At 0.36, SPKL and WFCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/spkl-vs-wfcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spkl-vs-wfcf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPKL correlations · WFCF correlations
