GEG vs SMC: Correlation
Great Elm Group, Inc. (GEG) and Summit Midstream Corporation (SMC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and SMC?
Over the past 3 years, GEG and SMC moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.22). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -378.6 %².
Among the 16 assets we track against GEG, SMC ranks #11 by 3-year correlation. The last year tells two different stories: SMC led by 75.6 percentage points, -10.4% for GEG against +65.2% for SMC. Risk is not evenly split, since SMC carries 1.6 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.
GEG vs SMC: side by side
| GEG (Great Elm Group, Inc.) | SMC (Summit Midstream Corporation) | |
|---|---|---|
| 1-year return | -10.4% | +65.2% |
| 5-year return | -7.3% | +1.2% |
| Volatility (ann.) | 33.0% | 52.2% |
| Beta vs S&P 500 | 0.15 | 0.43 |
| Max drawdown (3Y) | -41.4% | -57.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEG | SMC |
|---|---|---|
| 2022 | -3.3% | -24.9% |
| 2023 | -4.0% | +7.4% |
| 2024 | -6.7% | +110.9% |
| 2025 | +40.9% | -29.4% |
| 2026 | -15.7% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and SMC good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GEG and SMC?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.08 over the last year and -0.05 over 5 years.
Is SMC a good diversifier for GEG?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: GEG correlations · SMC correlations
