GAUZ vs SMX: Correlation
Measured on weekly returns over the past three years, Gauzy Ltd. (GAUZ) and SMX (Security Matters) Public Limited Company (SMX) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAUZ and SMX?
Over the past 3 years, GAUZ and SMX moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 47315.3 %².
Among the 10 assets we track against GAUZ, SMX ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -91.5% for GAUZ and -96.2% for SMX. Risk is not evenly split, since SMX carries 7.4 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.
GAUZ vs SMX: side by side
| GAUZ (Gauzy Ltd.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -91.5% | -96.2% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 118.3% | 869.6% |
| Beta vs S&P 500 | 1.25 | 6.86 |
| Max drawdown (3Y) | -98.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAUZ | SMX |
|---|---|---|
| 2022 | – | +3.5% |
| 2023 | – | -99.7% |
| 2024 | – | -98.9% |
| 2025 | -87.0% | -99.7% |
| 2026 | -65.0% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAUZ and SMX good diversifiers for each other?
Reasonably. At 0.40, GAUZ and SMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GAUZ and SMX?
As of 2026-08-27, the correlation of weekly returns between GAUZ and SMX is 0.40 over 3 years, 0.43 over 1 year and n/a over 5 years.
Is SMX a good diversifier for GAUZ?
Reasonably. At 0.40, GAUZ and SMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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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Hubs: GAUZ correlations · SMX correlations
