FIGS vs SMRT: Correlation
FIGS, Inc. (FIGS) and SmartRent, Inc. (SMRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIGS and SMRT?
Across a 3-year window, the weekly returns of FIGS and SMRT correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.32, with an annualized covariance of 1718.3 %².
Within FIGS's tracked universe of 11 assets, SMRT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FIGS ahead by 120.8 points (+113.3% versus -7.5%).
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.
FIGS vs SMRT: side by side
| FIGS (FIGS, Inc.) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | +113.3% | -7.5% |
| 5-year return | -63.9% | -89.1% |
| Volatility (ann.) | 63.9% | 66.0% |
| Beta vs S&P 500 | 0.92 | 1.68 |
| Max drawdown (3Y) | -54.4% | -79.4% |
| Market cap | $2.5B | $0.3B |
| P/E (trailing) | 45.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIGS | SMRT |
|---|---|---|
| 2022 | -75.6% | -74.9% |
| 2023 | +3.3% | +31.3% |
| 2024 | -10.9% | -45.1% |
| 2025 | +83.5% | +15.4% |
| 2026 | +32.9% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIGS and SMRT good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIGS and SMRT?
As of 2026-08-27, the correlation of weekly returns between FIGS and SMRT is 0.41 over 3 years, 0.53 over 1 year and 0.32 over 5 years.
Is SMRT a good diversifier for FIGS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
$ curl https://www.pairbook.io/api/v1/pairs/figs-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/figs-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIGS correlations · SMRT correlations
