SPRB vs SWKS: Correlation
Spruce Biosciences, Inc. (SPRB) and Skyworks Solutions (SWKS) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRB and SWKS?
On 3 years of weekly data the SPRB/SWKS correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -6682.1 %².
Within SPRB's tracked universe of 67 assets, SWKS comes in at #27 by 3-year correlation. The last year tells two different stories: SPRB led by 755.0 percentage points, +746.3% for SPRB against -8.7% for SWKS. Risk is not evenly split, since SPRB carries 27.2 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 SWKS: side by side
| SPRB (Spruce Biosciences, Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +746.3% | -8.7% |
| 5-year return | -99.8% | -58.3% |
| Volatility (ann.) | 1086.4% | 40.0% |
| Beta vs S&P 500 | -7.82 | 1.43 |
| Max drawdown (3Y) | -100.0% | -58.2% |
| Market cap | $0.2B | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SPRB | SWKS |
|---|---|---|
| 2022 | -75.4% | -39.9% |
| 2023 | +167.1% | +26.5% |
| 2024 | -85.7% | -18.9% |
| 2025 | -96.3% | -25.5% |
| 2026 | -27.3% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRB and SWKS good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPRB and SWKS?
The SPRB/SWKS correlation stands at -0.15 on a 3-year window (1 year: -0.25, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for SPRB?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
A reading of -0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SPRB correlations · SWKS correlations
