DE vs SMWB: Correlation
How closely do Deere & Company (DE) and Similarweb Ltd. (SMWB) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and SMWB?
On 3 years of weekly data the DE/SMWB correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.18). The 5-year figure is -0.02, and annualized covariance runs at -319.6 %².
Within DE's tracked universe of 33 assets, SMWB comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DE outperformed by 33.8 percentage points (+27.9% for DE against -5.9% for SMWB). Risk is not evenly split, since SMWB carries 2.6 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.
DE vs SMWB: side by side
| DE (Deere & Company) | SMWB (Similarweb Ltd.) | |
|---|---|---|
| 1-year return | +27.9% | -5.9% |
| 5-year return | +74.5% | -52.1% |
| Volatility (ann.) | 26.7% | 68.1% |
| Beta vs S&P 500 | 0.65 | 0.91 |
| Max drawdown (3Y) | -19.9% | -86.7% |
| Market cap | $168.1B | $0.8B |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | SMWB |
|---|---|---|
| 2022 | +26.6% | -64.1% |
| 2023 | -5.5% | -17.1% |
| 2024 | +7.6% | +165.9% |
| 2025 | +11.4% | -47.1% |
| 2026 | +34.5% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and SMWB good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between DE and SMWB?
As of 2026-08-27, the correlation of weekly returns between DE and SMWB is -0.18 over 3 years, -0.44 over 1 year and -0.02 over 5 years.
Is SMWB a good diversifier for DE?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: DE correlations · SMWB correlations
