ABTS vs SMSI: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Smith Micro Software, Inc. (SMSI) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and SMSI?
On 3 years of weekly data the ABTS/SMSI correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.08 versus -0.20 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -13244.5 %².
By 3-year correlation, SMSI places #21 of the 48 assets tracked against ABTS. Their recent paths diverged sharply: over the last 12 months SMSI outperformed by 45.5 percentage points (-64.4% for ABTS against -18.9% for SMSI). Note the risk asymmetry: ABTS runs 7.3 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.
ABTS vs SMSI: side by side
| ABTS (Abits Group Inc) | SMSI (Smith Micro Software, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -18.9% |
| 5-year return | -81.7% | -98.5% |
| Volatility (ann.) | 689.2% | 94.7% |
| Beta vs S&P 500 | -4.02 | 0.95 |
| Max drawdown (3Y) | -92.1% | -96.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | SMSI |
|---|---|---|
| 2022 | -84.2% | -57.3% |
| 2023 | +152.8% | -60.5% |
| 2024 | -39.6% | -80.3% |
| 2025 | +647.5% | -58.8% |
| 2026 | -73.8% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and SMSI good diversifiers for each other?
Yes. With a correlation of -0.20, ABTS and SMSI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTS and SMSI?
The ABTS/SMSI correlation stands at -0.20 on a 3-year window (1 year: 0.08, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SMSI a good diversifier for ABTS?
Yes. With a correlation of -0.20, ABTS and SMSI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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: ABTS correlations · SMSI correlations
