SPRC vs XRTX: Correlation
How closely do SciSparc Ltd. (SPRC) and XORTX Therapeutics Inc. (XRTX) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPRC and XRTX?
On 3 years of weekly data the SPRC/XRTX correlation comes out at 0.29, weak. The past 12 months show a weaker link (0.15) than the 3-year average (0.29). The 5-year figure is 0.25, and annualized covariance runs at 7218.5 %².
Within SPRC's tracked universe of 13 assets, XRTX comes in at #8 by 3-year correlation. The last year tells two different stories: XRTX led by 44.3 percentage points, -82.7% for SPRC against -38.4% for XRTX.
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.
SPRC vs XRTX: side by side
| SPRC (SciSparc Ltd.) | XRTX (XORTX Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -82.7% | -38.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 190.8% | 129.2% |
| Beta vs S&P 500 | 2.10 | 0.23 |
| Max drawdown (3Y) | -99.8% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPRC | XRTX |
|---|---|---|
| 2022 | -87.9% | -60.6% |
| 2023 | -75.2% | -96.5% |
| 2024 | -92.6% | -51.1% |
| 2025 | -82.0% | -50.3% |
| 2026 | -45.9% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPRC and XRTX good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPRC and XRTX?
The SPRC/XRTX correlation stands at 0.29 on a 3-year window (1 year: 0.15, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is XRTX a good diversifier for SPRC?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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/sprc-vs-xrtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sprc-vs-xrtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPRC correlations · XRTX correlations
