SR vs T: Correlation
Spire Inc. (SR) and AT&T (T) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SR and T?
On 3 years of weekly data the SR/T correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.36 over 3. The 5-year figure is 0.39, and annualized covariance runs at 157.1 %².
By 3-year correlation, T places #13 of the 18 assets tracked against SR. Their recent paths diverged sharply: over the last 12 months SR outperformed by 20.0 percentage points (+11.6% for SR against -8.4% for T).
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.
SR vs T: side by side
| SR (Spire Inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +11.6% | -8.4% |
| 5-year return | +53.3% | +67.2% |
| Volatility (ann.) | 19.6% | 22.4% |
| Beta vs S&P 500 | 0.17 | 0.05 |
| Max drawdown (3Y) | -19.4% | -28.9% |
| Market cap | $4.9B | $174.3B |
| P/E (trailing) | 18.2 | 8.4 |
| Dividend yield | 3.90% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | SR | T |
|---|---|---|
| 2022 | +9.8% | +6.5% |
| 2023 | -5.3% | -2.7% |
| 2024 | +14.1% | +44.1% |
| 2025 | +27.1% | +14.0% |
| 2026 | +1.8% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SR and T good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SR and T?
As of 2026-08-27, the correlation of weekly returns between SR and T is 0.36 over 3 years, 0.27 over 1 year and 0.39 over 5 years.
Is T a good diversifier for SR?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: SR correlations · T correlations
