SPT vs WEC: Correlation
Measured on weekly returns over the past three years, Sprout Social, Inc (SPT) and WEC Energy Group (WEC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPT and WEC?
On 3 years of weekly data the SPT/WEC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.23 over 3. The 5-year figure is -0.06, and annualized covariance runs at -211.3 %².
By 3-year correlation, WEC places #18 of the 24 assets tracked against SPT. Their recent paths diverged sharply: over the last 12 months WEC outperformed by 31.7 percentage points (-29.6% for SPT against +2.1% for WEC). Risk is not evenly split, since SPT carries 3.3 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.
SPT vs WEC: side by side
| SPT (Sprout Social, Inc) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | -29.6% | +2.1% |
| 5-year return | -91.0% | +32.7% |
| Volatility (ann.) | 55.5% | 16.9% |
| Beta vs S&P 500 | 1.43 | 0.02 |
| Max drawdown (3Y) | -92.5% | -11.6% |
| Market cap | $0.7B | $34.6B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.43% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | SPT | WEC |
|---|---|---|
| 2022 | -37.7% | -0.5% |
| 2023 | +8.8% | -7.0% |
| 2024 | -50.0% | +16.1% |
| 2025 | -63.3% | +16.0% |
| 2026 | -2.0% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPT and WEC good diversifiers for each other?
Yes. With a correlation of -0.23, SPT and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPT and WEC?
As of 2026-08-27, the correlation of weekly returns between SPT and WEC is -0.23 over 3 years, -0.32 over 1 year and -0.06 over 5 years.
Is WEC a good diversifier for SPT?
Yes. With a correlation of -0.23, SPT and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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: SPT correlations · WEC correlations
