AMUB vs SMC: Correlation
ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and Summit Midstream Corporation (SMC) 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 AMUB and SMC?
On 3 years of weekly data the AMUB/SMC correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.35). The 5-year figure is 0.40, and annualized covariance runs at 302.6 %².
Within AMUB's tracked universe of 20 assets, SMC comes in at #15 by 3-year correlation. The last year tells two different stories: SMC led by 34.3 percentage points, +30.9% for AMUB against +65.2% for SMC. Note the risk asymmetry: SMC runs 3.2 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.
AMUB vs SMC: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | SMC (Summit Midstream Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +65.2% |
| 5-year return | +191.0% | +1.2% |
| Volatility (ann.) | 16.5% | 52.2% |
| Beta vs S&P 500 | 0.31 | 0.43 |
| Max drawdown (3Y) | -17.0% | -57.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMUB | SMC |
|---|---|---|
| 2022 | +29.9% | -24.9% |
| 2023 | +25.4% | +7.4% |
| 2024 | +23.0% | +110.9% |
| 2025 | +8.7% | -29.4% |
| 2026 | +29.6% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and SMC 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 AMUB and SMC?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.67 over the last year and 0.40 over 5 years.
Is SMC a good diversifier for AMUB?
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/amub-vs-smc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amub-vs-smc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMUB correlations · SMC correlations
