AENT vs SWZ: Correlation
How closely do Alliance Entertainment Holding Corporation (AENT) and Total Return Securities Fund (SWZ) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and SWZ?
Across a 3-year window, the weekly returns of AENT and SWZ correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -281.8 %².
SWZ is close to the least connected end of AENT's tracked universe, ranking #11 of 12. Over the last 12 months AENT came out ahead by 5.2 percentage points (+4.0% against -1.2%). Risk is not evenly split, since AENT carries 6.9 times the volatility of the other side.
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 SWZ: side by side
| AENT (Alliance Entertainment Holding Corporation) | SWZ (Total Return Securities Fund) | |
|---|---|---|
| 1-year return | +4.0% | -1.2% |
| 5-year return | -43.4% | +13.9% |
| Volatility (ann.) | 94.6% | 13.7% |
| Beta vs S&P 500 | 1.21 | 0.41 |
| Max drawdown (3Y) | -78.2% | -15.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | 4.3 |
| Dividend yield | 0.00% | 2.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AENT | SWZ |
|---|---|---|
| 2022 | +4.0% | -17.7% |
| 2023 | -90.9% | +15.5% |
| 2024 | +876.3% | -2.5% |
| 2025 | -10.8% | +24.1% |
| 2026 | -32.2% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and SWZ 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 AENT and SWZ?
As of 2026-08-27, the correlation of weekly returns between AENT and SWZ is -0.22 over 3 years, -0.16 over 1 year and -0.14 over 5 years.
Is SWZ a good diversifier for AENT?
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: AENT correlations · SWZ correlations
