BNAI vs SMMT: Correlation
How closely do Brand Engagement Network Inc. (BNAI) and Summit Therapeutics Inc. (SMMT) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNAI and SMMT?
Across a 3-year window, the weekly returns of BNAI and SMMT correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.21, with an annualized covariance of 19008.4 %².
SMMT is one of the assets that tracks BNAI most closely: it ranks #3 out of the 12 assets we track against BNAI. Their recent paths diverged sharply: over the last 12 months BNAI outperformed by 348.4 percentage points (+306.2% for BNAI against -42.2% for SMMT). Note the risk asymmetry: BNAI runs 2.1 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.
BNAI vs SMMT: side by side
| BNAI (Brand Engagement Network Inc.) | SMMT (Summit Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +306.2% | -42.2% |
| 5-year return | -87.1% | +78.5% |
| Volatility (ann.) | 309.0% | 150.4% |
| Beta vs S&P 500 | 0.09 | 2.43 |
| Max drawdown (3Y) | -99.1% | -66.1% |
| Market cap | $0.1B | $11.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNAI | SMMT |
|---|---|---|
| 2022 | +3.5% | +58.0% |
| 2023 | +5.2% | -38.6% |
| 2024 | -90.8% | +583.7% |
| 2025 | -76.2% | -2.0% |
| 2026 | +437.5% | -18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNAI and SMMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNAI and SMMT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with -0.15 over the last year and 0.21 over 5 years.
Is SMMT a good diversifier for BNAI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: BNAI correlations · SMMT correlations
