SPRB vs VYM: Correlation
How closely do Spruce Biosciences, Inc. (SPRB) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRB and VYM?
Across a 3-year window, the weekly returns of SPRB and VYM correlate at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.14). Stretching to 5 years gives -0.08, with an annualized covariance of -1902.8 %².
Among the 67 assets we track against SPRB, VYM ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 725.2 percentage points (+746.3% for SPRB against +21.1% for VYM). One caveat on sizing: SPRB is 88.3 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.
SPRB vs VYM: side by side
| SPRB (Spruce Biosciences, Inc.) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +746.3% | +21.1% |
| 5-year return | -99.8% | +76.6% |
| Volatility (ann.) | 1086.4% | 12.3% |
| Beta vs S&P 500 | -7.82 | 0.69 |
| Max drawdown (3Y) | -100.0% | -14.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | SPRB | VYM |
|---|---|---|
| 2022 | -75.4% | -0.4% |
| 2023 | +167.1% | +6.6% |
| 2024 | -85.7% | +17.6% |
| 2025 | -96.3% | +15.4% |
| 2026 | -27.3% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRB and VYM good diversifiers for each other?
Yes. With a correlation of -0.14, SPRB and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPRB and VYM?
The SPRB/VYM correlation stands at -0.14 on a 3-year window (1 year: -0.34, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for SPRB?
Yes. With a correlation of -0.14, SPRB and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
A reading of -0.14 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 · VYM correlations
