FPH vs SMG: Correlation
Five Point Holdings, LLC Class A (FPH) and Scotts Miracle-Gro Company (The) (SMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPH and SMG?
Across a 3-year window, the weekly returns of FPH and SMG correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 722.4 %².
Within FPH's tracked universe of 12 assets, SMG comes in at #5 by 3-year correlation. Over the last 12 months SMG came out ahead by 11.1 percentage points (-9.3% against +1.8%).
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.
FPH vs SMG: side by side
| FPH (Five Point Holdings, LLC Class A) | SMG (Scotts Miracle-Gro Company (The)) | |
|---|---|---|
| 1-year return | -9.3% | +1.8% |
| 5-year return | -37.3% | -53.4% |
| Volatility (ann.) | 44.0% | 38.9% |
| Beta vs S&P 500 | 0.83 | 0.76 |
| Max drawdown (3Y) | -33.4% | -47.4% |
| Market cap | $0.8B | $3.5B |
| P/E (trailing) | 7.1 | 23.4 |
| Dividend yield | 0.00% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPH | SMG |
|---|---|---|
| 2022 | -64.4% | -68.8% |
| 2023 | +31.8% | +36.9% |
| 2024 | +23.1% | +8.3% |
| 2025 | +47.9% | -8.0% |
| 2026 | -8.8% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPH and SMG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FPH and SMG?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.39 over the last year and 0.31 over 5 years.
Is SMG a good diversifier for FPH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/fph-vs-smg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fph-vs-smg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FPH correlations · SMG correlations
