ABAT vs SES: Correlation
American Battery Technology Company (ABAT) and SES AI Corporation (SES) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and SES?
Across a 3-year window, the weekly returns of ABAT and SES correlate at 0.78, strong. Lately the two have drifted apart, with the 1-year correlation at 0.61 versus 0.78 over 3 years. Stretching to 5 years gives 0.69, with an annualized covariance of 35428.9 %².
SES is one of the assets that tracks ABAT most closely: it ranks #1 out of the 29 assets we track against ABAT. Correlation aside, the last 12 months split them widely, with ABAT ahead by 53.1 points (+2.1% versus -51.0%). Note the risk asymmetry: SES runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABAT vs SES: side by side
| ABAT (American Battery Technology Company) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | +2.1% | -51.0% |
| 5-year return | -88.8% | -94.5% |
| Volatility (ann.) | 153.9% | 294.5% |
| Beta vs S&P 500 | 2.08 | 2.43 |
| Max drawdown (3Y) | -93.2% | -89.7% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | SES |
|---|---|---|
| 2022 | -62.0% | -68.3% |
| 2023 | -23.2% | -41.9% |
| 2024 | -47.5% | +19.7% |
| 2025 | +35.8% | -17.8% |
| 2026 | -19.9% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and SES good diversifiers for each other?
Only partially. A correlation of 0.78 means ABAT and SES share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ABAT and SES?
The ABAT/SES correlation stands at 0.78 on a 3-year window (1 year: 0.61, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is SES a good diversifier for ABAT?
Only partially. A correlation of 0.78 means ABAT and SES share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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/abat-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abat-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABAT correlations · SES correlations
