SPRB vs WGO: Correlation
Measured on weekly returns over the past three years, Spruce Biosciences, Inc. (SPRB) and Winnebago Industries, Inc. (WGO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRB and WGO?
Over the past 3 years, SPRB and WGO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -9567.9 %².
Within SPRB's tracked universe of 67 assets, WGO comes in at #46 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPRB outperformed by 759.6 percentage points (+746.3% for SPRB against -13.3% for WGO). Risk is not evenly split, since SPRB carries 25.1 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 WGO: side by side
| SPRB (Spruce Biosciences, Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | +746.3% | -13.3% |
| 5-year return | -99.8% | -52.5% |
| Volatility (ann.) | 1086.4% | 43.3% |
| Beta vs S&P 500 | -7.82 | 1.09 |
| Max drawdown (3Y) | -100.0% | -60.5% |
| Market cap | $0.2B | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPRB | WGO |
|---|---|---|
| 2022 | -75.4% | -28.7% |
| 2023 | +167.1% | +40.9% |
| 2024 | -85.7% | -33.1% |
| 2025 | -96.3% | -11.9% |
| 2026 | -27.3% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRB and WGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between SPRB and WGO?
The SPRB/WGO correlation stands at -0.20 on a 3-year window (1 year: -0.29, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is WGO a good diversifier for SPRB?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sprb-vs-wgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sprb-vs-wgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPRB correlations · WGO correlations
