AENT vs SMSI: Correlation
Alliance Entertainment Holding Corporation (AENT) and Smith Micro Software, Inc. (SMSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and SMSI?
On 3 years of weekly data the AENT/SMSI correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 3177.8 %².
Few assets follow AENT as closely as SMSI, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months AENT outperformed by 22.9 percentage points (+4.0% for AENT against -18.9% for SMSI).
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.
AENT vs SMSI: side by side
| AENT (Alliance Entertainment Holding Corporation) | SMSI (Smith Micro Software, Inc.) | |
|---|---|---|
| 1-year return | +4.0% | -18.9% |
| 5-year return | -43.4% | -98.5% |
| Volatility (ann.) | 94.6% | 94.7% |
| Beta vs S&P 500 | 1.21 | 0.95 |
| Max drawdown (3Y) | -78.2% | -96.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AENT | SMSI |
|---|---|---|
| 2022 | +4.0% | -57.3% |
| 2023 | -90.9% | -60.5% |
| 2024 | +876.3% | -80.3% |
| 2025 | -10.8% | -58.8% |
| 2026 | -32.2% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and SMSI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AENT and SMSI?
The AENT/SMSI correlation stands at 0.35 on a 3-year window (1 year: 0.34, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SMSI a good diversifier for AENT?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aent-vs-smsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aent-vs-smsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AENT correlations · SMSI correlations
