BORR vs SMHI: Correlation
Measured on weekly returns over the past three years, Borr Drilling Limited (BORR) and SEACOR Marine Holdings Inc. (SMHI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BORR and SMHI?
On 3 years of weekly data the BORR/SMHI correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.55). The 5-year figure is 0.46, and annualized covariance runs at 1767.2 %².
Among the 12 assets we track against BORR, SMHI ranks #6 by 3-year correlation. Over the last 12 months BORR came out ahead by 7.7 percentage points (+54.9% against +47.2%).
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.
BORR vs SMHI: side by side
| BORR (Borr Drilling Limited) | SMHI (SEACOR Marine Holdings Inc.) | |
|---|---|---|
| 1-year return | +54.9% | +47.2% |
| 5-year return | +246.5% | +119.6% |
| Volatility (ann.) | 58.6% | 54.8% |
| Beta vs S&P 500 | 1.05 | 1.41 |
| Max drawdown (3Y) | -77.1% | -74.3% |
| Market cap | $1.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BORR | SMHI |
|---|---|---|
| 2022 | +141.3% | +169.4% |
| 2023 | +48.1% | +37.4% |
| 2024 | -43.3% | -47.9% |
| 2025 | +4.2% | -8.2% |
| 2026 | +12.7% | +58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BORR and SMHI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BORR and SMHI?
The BORR/SMHI correlation stands at 0.55 on a 3-year window (1 year: 0.33, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is SMHI a good diversifier for BORR?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/borr-vs-smhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/borr-vs-smhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BORR correlations · SMHI correlations
