CIM vs SHMD: Correlation
Chimera Investment Corporation (CIM) and SCHMID Group N.V. - Class A (SHMD) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIM and SHMD?
On 3 years of weekly data the CIM/SHMD correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.19 over 3. The 5-year figure is n/a, and annualized covariance runs at -566.3 %².
SHMD is close to the least connected end of CIM's tracked universe, ranking #9 of 11. The last year tells two different stories: SHMD led by 35.7 percentage points, -6.9% for CIM against +28.8% for SHMD. Risk is not evenly split, since SHMD carries 3.3 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.
CIM vs SHMD: side by side
| CIM (Chimera Investment Corporation) | SHMD (SCHMID Group N.V. - Class A) | |
|---|---|---|
| 1-year return | -6.9% | +28.8% |
| 5-year return | -54.1% | n/a |
| Volatility (ann.) | 29.4% | 96.9% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -33.1% | -69.6% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 14.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIM | SHMD |
|---|---|---|
| 2022 | -57.9% | – |
| 2023 | +2.9% | – |
| 2024 | +3.6% | – |
| 2025 | -0.6% | +101.1% |
| 2026 | -0.7% | -45.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIM and SHMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CIM and SHMD?
The CIM/SHMD correlation stands at -0.19 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHMD a good diversifier for CIM?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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
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Hubs: CIM correlations · SHMD correlations
