ABVC vs SMC: Correlation
ABVC BioPharma, Inc. (ABVC) and Summit Midstream Corporation (SMC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and SMC?
On 3 years of weekly data the ABVC/SMC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -1219.6 %².
Out of 10 assets tracked against ABVC, SMC lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with SMC ahead by 138.5 points (-73.3% versus +65.2%). Note the risk asymmetry: ABVC runs 2.0 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.
ABVC vs SMC: side by side
| ABVC (ABVC BioPharma, Inc.) | SMC (Summit Midstream Corporation) | |
|---|---|---|
| 1-year return | -73.3% | +65.2% |
| 5-year return | -97.5% | +1.2% |
| Volatility (ann.) | 106.7% | 52.2% |
| Beta vs S&P 500 | 1.35 | 0.43 |
| Max drawdown (3Y) | -85.0% | -57.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | SMC |
|---|---|---|
| 2022 | -81.6% | -24.9% |
| 2023 | -81.4% | +7.4% |
| 2024 | -49.1% | +110.9% |
| 2025 | +261.0% | -29.4% |
| 2026 | -62.6% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and SMC good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABVC and SMC?
The ABVC/SMC correlation stands at -0.22 on a 3-year window (1 year: -0.28, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is SMC a good diversifier for ABVC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
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Related comparisons
Hubs: ABVC correlations · SMC correlations
