ARTW vs SES: Correlation
Art's-Way Manufacturing Co., Inc. (ARTW) and SES AI Corporation (SES) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTW and SES?
Over the past 3 years, ARTW and SES moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 9759.2 %².
Few assets follow ARTW as closely as SES, which ranks #2 of 11 tracked partners. The last year tells two different stories: ARTW led by 48.0 percentage points, -3.0% for ARTW against -51.0% for SES. Note the risk asymmetry: SES runs 4.3 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.
ARTW vs SES: side by side
| ARTW (Art's-Way Manufacturing Co., Inc.) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | -3.0% | -51.0% |
| 5-year return | -16.9% | -94.5% |
| Volatility (ann.) | 68.2% | 294.5% |
| Beta vs S&P 500 | 0.87 | 2.43 |
| Max drawdown (3Y) | -60.0% | -89.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTW | SES |
|---|---|---|
| 2022 | -45.5% | -68.3% |
| 2023 | +7.3% | -41.9% |
| 2024 | +4.8% | +19.7% |
| 2025 | +8.3% | -17.8% |
| 2026 | +23.4% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTW and SES good diversifiers for each other?
Reasonably. At 0.49, ARTW and SES keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARTW and SES?
The ARTW/SES correlation stands at 0.49 on a 3-year window (1 year: 0.27, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is SES a good diversifier for ARTW?
Reasonably. At 0.49, ARTW and SES keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/artw-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/artw-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARTW correlations · SES correlations
