BEEM vs SLDP: Correlation
Measured on weekly returns over the past three years, Beam Global (BEEM) and Solid Power, Inc. (SLDP) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and SLDP?
On 3 years of weekly data the BEEM/SLDP correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 3718.2 %².
In BEEM's tracked universe of 11 assets, SLDP sits right near the top at #1. Twelve-month performance is nearly a tie, at -44.3% for BEEM and -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.
BEEM vs SLDP: side by side
| BEEM (Beam Global) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -44.3% | -46.4% |
| 5-year return | -94.6% | -76.1% |
| Volatility (ann.) | 76.4% | 87.4% |
| Beta vs S&P 500 | 1.25 | 1.88 |
| Max drawdown (3Y) | -88.9% | -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 | BEEM | SLDP |
|---|---|---|
| 2022 | -6.1% | -70.9% |
| 2023 | -59.4% | -42.9% |
| 2024 | -55.3% | +30.3% |
| 2025 | -52.7% | +124.9% |
| 2026 | +4.0% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and SLDP good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BEEM and SLDP?
The BEEM/SLDP correlation stands at 0.56 on a 3-year window (1 year: 0.46, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is SLDP a good diversifier for BEEM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/beem-vs-sldp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beem-vs-sldp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEEM correlations · SLDP correlations
