SPT vs WEAV: Correlation
Measured on weekly returns over the past three years, Sprout Social, Inc (SPT) and Weave Communications, Inc. (WEAV) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPT and WEAV?
Across a 3-year window, the weekly returns of SPT and WEAV correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 1651.5 %².
Among the 24 assets we track against SPT, WEAV ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WEAV ahead by 23.8 points (-29.6% versus -5.8%).
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.
SPT vs WEAV: side by side
| SPT (Sprout Social, Inc) | WEAV (Weave Communications, Inc.) | |
|---|---|---|
| 1-year return | -29.6% | -5.8% |
| 5-year return | -91.0% | -61.1% |
| Volatility (ann.) | 55.5% | 58.9% |
| Beta vs S&P 500 | 1.43 | 1.62 |
| Max drawdown (3Y) | -92.5% | -74.9% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPT | WEAV |
|---|---|---|
| 2022 | -37.7% | -69.8% |
| 2023 | +8.8% | +150.4% |
| 2024 | -50.0% | +38.8% |
| 2025 | -63.3% | -52.3% |
| 2026 | -2.0% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPT and WEAV good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SPT and WEAV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.42 over the last year and 0.40 over 5 years.
Is WEAV a good diversifier for SPT?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/spt-vs-weav.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spt-vs-weav/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPT correlations · WEAV correlations
