CHCI vs SCM: Correlation
Measured on weekly returns over the past three years, Comstock Holding Companies, Inc. (CHCI) and Stellus Capital Investment Corporation (SCM) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCI and SCM?
On 3 years of weekly data the CHCI/SCM correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.25 over 3. The 5-year figure is 0.21, and annualized covariance runs at 336.7 %².
Within CHCI's tracked universe of 10 assets, SCM comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHCI ahead by 46.8 points (+14.1% versus -32.7%). Risk is not evenly split, since CHCI carries 2.3 times the volatility of the other side.
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.
CHCI vs SCM: side by side
| CHCI (Comstock Holding Companies, Inc.) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | +14.1% | -32.7% |
| 5-year return | +236.2% | +16.7% |
| Volatility (ann.) | 56.1% | 24.4% |
| Beta vs S&P 500 | -0.23 | 0.68 |
| Max drawdown (3Y) | -47.9% | -47.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 8.4 | 8.4 |
| Dividend yield | 0.00% | 17.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCI | SCM |
|---|---|---|
| 2022 | -12.4% | +12.9% |
| 2023 | +4.2% | +8.7% |
| 2024 | +82.4% | +20.3% |
| 2025 | +43.8% | +3.7% |
| 2026 | +71.0% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCI and SCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHCI and SCM?
The CHCI/SCM correlation stands at 0.25 on a 3-year window (1 year: 0.24, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is SCM a good diversifier for CHCI?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/chci-vs-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chci-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHCI correlations · SCM correlations
