FLWS vs SMHB: Correlation
How closely do 1-800-FLOWERS.COM, Inc. (FLWS) and ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN (SMHB) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLWS and SMHB?
On 3 years of weekly data the FLWS/SMHB correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 1195.3 %².
In FLWS's tracked universe of 13 assets, SMHB sits right near the top at #3. The last year tells two different stories: SMHB led by 40.6 percentage points, -33.2% for FLWS against +7.4% for SMHB.
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.
FLWS vs SMHB: side by side
| FLWS (1-800-FLOWERS.COM, Inc.) | SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN) | |
|---|---|---|
| 1-year return | -33.2% | +7.4% |
| 5-year return | -88.4% | -13.5% |
| Volatility (ann.) | 57.7% | 39.3% |
| Beta vs S&P 500 | 1.81 | 1.42 |
| Max drawdown (3Y) | -73.4% | -45.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLWS | SMHB |
|---|---|---|
| 2022 | -59.1% | -36.0% |
| 2023 | +12.8% | +36.0% |
| 2024 | -24.2% | -15.8% |
| 2025 | -51.9% | -7.7% |
| 2026 | -4.8% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLWS and SMHB 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 FLWS and SMHB?
As of 2026-08-27, the correlation of weekly returns between FLWS and SMHB is 0.53 over 3 years, 0.52 over 1 year and 0.44 over 5 years.
Is SMHB a good diversifier for FLWS?
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/flws-vs-smhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flws-vs-smhb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLWS correlations · SMHB correlations
