SPRB vs STT: Correlation
Measured on weekly returns over the past three years, Spruce Biosciences, Inc. (SPRB) and State Street Corporation (STT) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRB and STT?
Over the past 3 years, SPRB and STT moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.13). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -3360.3 %².
Among the 67 assets we track against SPRB, STT ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPRB ahead by 673.6 points (+746.3% versus +72.7%). Risk is not evenly split, since SPRB carries 47.4 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.
SPRB vs STT: side by side
| SPRB (Spruce Biosciences, Inc.) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | +746.3% | +72.7% |
| 5-year return | -99.8% | +144.9% |
| Volatility (ann.) | 1086.4% | 22.9% |
| Beta vs S&P 500 | -7.82 | 0.97 |
| Max drawdown (3Y) | -100.0% | -25.7% |
| Market cap | $0.2B | $53.1B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | SPRB | STT |
|---|---|---|
| 2022 | -75.4% | -13.8% |
| 2023 | +167.1% | +3.5% |
| 2024 | -85.7% | +30.2% |
| 2025 | -96.3% | +35.5% |
| 2026 | -27.3% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRB and STT good diversifiers for each other?
Yes. With a correlation of -0.13, SPRB and STT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPRB and STT?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.30 over the last year and -0.07 over 5 years.
Is STT a good diversifier for SPRB?
Yes. With a correlation of -0.13, SPRB and STT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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
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Related comparisons
Hubs: SPRB correlations · STT correlations
