CION vs SMRT: Correlation
Measured on weekly returns over the past three years, CION Investment Corporation (CION) and SmartRent, Inc. (SMRT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CION and SMRT?
Across a 3-year window, the weekly returns of CION and SMRT correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 1063.5 %².
Among the 22 assets we track against CION, SMRT ranks #8 by 3-year correlation. On 12-month performance SMRT holds a 10.2-point edge, -17.7% against -7.5%. Risk is not evenly split, since SMRT carries 2.2 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.
CION vs SMRT: side by side
| CION (CION Investment Corporation) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | -17.7% | -7.5% |
| 5-year return | +26.2% | -89.1% |
| Volatility (ann.) | 30.2% | 66.0% |
| Beta vs S&P 500 | 0.86 | 1.68 |
| Max drawdown (3Y) | -40.3% | -79.4% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 123.5 | – |
| Dividend yield | 17.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CION | SMRT |
|---|---|---|
| 2022 | -14.8% | -74.9% |
| 2023 | +35.4% | +31.3% |
| 2024 | +14.8% | -45.1% |
| 2025 | -2.3% | +15.4% |
| 2026 | -14.6% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CION and SMRT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CION and SMRT?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.58 over the last year and 0.40 over 5 years.
Is SMRT a good diversifier for CION?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cion-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cion-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CION correlations · SMRT correlations
