ARTW vs SLDP: Correlation
Art's-Way Manufacturing Co., Inc. (ARTW) and Solid Power, Inc. (SLDP) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTW and SLDP?
Over the past 3 years, ARTW and SLDP moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2779.6 %².
Among the 11 assets we track against ARTW, SLDP ranks #4 by 3-year correlation. The last year tells two different stories: ARTW led by 43.4 percentage points, -3.0% for ARTW against -46.4% for SLDP.
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 SLDP: side by side
| ARTW (Art's-Way Manufacturing Co., Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -46.4% |
| 5-year return | -16.9% | -76.1% |
| Volatility (ann.) | 68.2% | 87.4% |
| Beta vs S&P 500 | 0.87 | 1.88 |
| Max drawdown (3Y) | -60.0% | -76.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTW | SLDP |
|---|---|---|
| 2022 | -45.5% | -70.9% |
| 2023 | +7.3% | -42.9% |
| 2024 | +4.8% | +30.3% |
| 2025 | +8.3% | +124.9% |
| 2026 | +23.4% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTW and SLDP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARTW and SLDP?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.31 over the last year and 0.35 over 5 years.
Is SLDP a good diversifier for ARTW?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/artw-vs-sldp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artw-vs-sldp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARTW correlations · SLDP correlations
