CRWS vs SMHB: Correlation
How closely do Crown Crafts, Inc. (CRWS) and ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN (SMHB) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWS and SMHB?
Over the past 3 years, CRWS and SMHB moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 425.8 %².
Few assets follow CRWS as closely as SMHB, which ranks #2 of 13 tracked partners. Their 12-month results are close: +5.3% for CRWS against +7.4% for SMHB. Note the risk asymmetry: SMHB runs 1.6 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.
CRWS vs SMHB: side by side
| CRWS (Crown Crafts, Inc.) | SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN) | |
|---|---|---|
| 1-year return | +5.3% | +7.4% |
| 5-year return | -41.3% | -13.5% |
| Volatility (ann.) | 24.2% | 39.3% |
| Beta vs S&P 500 | 0.48 | 1.42 |
| Max drawdown (3Y) | -48.8% | -45.0% |
| Market cap | – | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 10.88% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRWS | SMHB |
|---|---|---|
| 2022 | -22.7% | -36.0% |
| 2023 | -1.2% | +36.0% |
| 2024 | -3.4% | -15.8% |
| 2025 | -31.7% | -7.7% |
| 2026 | +10.8% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWS and SMHB good diversifiers for each other?
Reasonably. At 0.45, CRWS and SMHB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRWS and SMHB?
As of 2026-08-27, the correlation of weekly returns between CRWS and SMHB is 0.45 over 3 years, 0.53 over 1 year and 0.34 over 5 years.
Is SMHB a good diversifier for CRWS?
Reasonably. At 0.45, CRWS and SMHB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/crws-vs-smhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crws-vs-smhb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRWS correlations · SMHB correlations
