SPT vs XPEL: Correlation
How closely do Sprout Social, Inc (SPT) and XPEL, Inc. (XPEL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPT and XPEL?
On 3 years of weekly data the SPT/XPEL correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.49). The 5-year figure is 0.40, and annualized covariance runs at 1445.2 %².
By 3-year correlation, XPEL places #11 of the 24 assets tracked against SPT. Their recent paths diverged sharply: over the last 12 months XPEL outperformed by 64.8 percentage points (-29.6% for SPT against +35.2% for XPEL).
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 XPEL: side by side
| SPT (Sprout Social, Inc) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | -29.6% | +35.2% |
| 5-year return | -91.0% | -32.6% |
| Volatility (ann.) | 55.5% | 52.7% |
| Beta vs S&P 500 | 1.43 | 1.03 |
| Max drawdown (3Y) | -92.5% | -70.7% |
| Market cap | $0.7B | $1.4B |
| P/E (trailing) | – | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPT | XPEL |
|---|---|---|
| 2022 | -37.7% | -12.0% |
| 2023 | +8.8% | -10.3% |
| 2024 | -50.0% | -25.8% |
| 2025 | -63.3% | +25.0% |
| 2026 | -2.0% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPT and XPEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPT and XPEL?
The SPT/XPEL correlation stands at 0.49 on a 3-year window (1 year: 0.30, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is XPEL a good diversifier for SPT?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-xpel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spt-vs-xpel/)
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Related comparisons
Hubs: SPT correlations · XPEL correlations
