AMZE vs SMX: Correlation
Measured on weekly returns over the past three years, Amaze Holdings, Inc. (AMZE) and SMX (Security Matters) Public Limited Company (SMX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and SMX?
On 3 years of weekly data the AMZE/SMX correlation comes out at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.37 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 45188.7 %².
SMX is one of the assets that tracks AMZE most closely: it ranks #3 out of the 13 assets we track against AMZE. Twelve-month performance is nearly a tie, at -99.3% for AMZE and -96.2% for SMX. Risk is not evenly split, since SMX carries 6.2 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.
AMZE vs SMX: side by side
| AMZE (Amaze Holdings, Inc.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -99.3% | -96.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 139.4% | 869.6% |
| Beta vs S&P 500 | 1.68 | 6.86 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMZE | SMX |
|---|---|---|
| 2022 | -80.8% | +3.5% |
| 2023 | -7.0% | -99.7% |
| 2024 | -36.0% | -98.9% |
| 2025 | -97.2% | -99.7% |
| 2026 | -94.4% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and SMX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMZE and SMX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.50 over the last year and 0.32 over 5 years.
Is SMX a good diversifier for AMZE?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/amze-vs-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amze-vs-smx/)
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Related comparisons
Hubs: AMZE correlations · SMX correlations
