ARHS vs SMRT: Correlation
How closely do Arhaus, Inc. (ARHS) and SmartRent, Inc. (SMRT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and SMRT?
Across a 3-year window, the weekly returns of ARHS and SMRT correlate at 0.50, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.50). Stretching to 5 years gives 0.36, with an annualized covariance of 1904.0 %².
Among the 15 assets we track against ARHS, SMRT ranks #6 by 3-year correlation. The last year tells two different stories: SMRT led by 15.4 percentage points, -22.9% for ARHS against -7.5% for SMRT.
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.
ARHS vs SMRT: side by side
| ARHS (Arhaus, Inc.) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | -22.9% | -7.5% |
| 5-year return | -25.3% | -89.1% |
| Volatility (ann.) | 57.7% | 66.0% |
| Beta vs S&P 500 | 1.73 | 1.68 |
| Max drawdown (3Y) | -69.3% | -79.4% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARHS | SMRT |
|---|---|---|
| 2022 | -26.4% | -74.9% |
| 2023 | +21.5% | +31.3% |
| 2024 | -17.9% | -45.1% |
| 2025 | +19.3% | +15.4% |
| 2026 | -17.5% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and SMRT good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARHS and SMRT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.66 over the last year and 0.36 over 5 years.
Is SMRT a good diversifier for ARHS?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arhs-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arhs-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARHS correlations · SMRT correlations
