SPRB vs VICI: Correlation
Spruce Biosciences, Inc. (SPRB) and Vici Properties (VICI) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRB and VICI?
Over the past 3 years, SPRB and VICI moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -3051.3 %².
Among the 67 assets we track against SPRB, VICI ranks #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPRB ahead by 765.0 points (+746.3% versus -18.7%). Risk is not evenly split, since SPRB carries 60.4 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 VICI: side by side
| SPRB (Spruce Biosciences, Inc.) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | +746.3% | -18.7% |
| 5-year return | -99.8% | +9.9% |
| Volatility (ann.) | 1086.4% | 18.0% |
| Beta vs S&P 500 | -7.82 | 0.35 |
| Max drawdown (3Y) | -100.0% | -19.1% |
| Market cap | $0.2B | $28.4B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 6.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | SPRB | VICI |
|---|---|---|
| 2022 | -75.4% | +13.0% |
| 2023 | +167.1% | +3.6% |
| 2024 | -85.7% | -3.1% |
| 2025 | -96.3% | +1.9% |
| 2026 | -27.3% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRB and VICI good diversifiers for each other?
Yes. With a correlation of -0.16, SPRB and VICI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPRB and VICI?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.26 over the last year and -0.11 over 5 years.
Is VICI a good diversifier for SPRB?
Yes. With a correlation of -0.16, SPRB and VICI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/sprb-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sprb-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPRB correlations · VICI correlations
