GLBS vs SWBI: Correlation
Measured on weekly returns over the past three years, Globus Maritime Limited (GLBS) and Smith & Wesson Brands, Inc. (SWBI) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLBS and SWBI?
On 3 years of weekly data the GLBS/SWBI correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 841.9 %².
By 3-year correlation, SWBI places #5 of the 10 assets tracked against GLBS. Their recent paths diverged sharply: over the last 12 months GLBS outperformed by 180.7 percentage points (+247.1% for GLBS against +66.4% for SWBI). One caveat on sizing: GLBS is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GLBS vs SWBI: side by side
| GLBS (Globus Maritime Limited) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | +247.1% | +66.4% |
| 5-year return | +17.2% | -34.9% |
| Volatility (ann.) | 71.4% | 39.8% |
| Beta vs S&P 500 | 0.24 | 0.30 |
| Max drawdown (3Y) | -66.3% | -54.2% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | 11.6 | 32.7 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLBS | SWBI |
|---|---|---|
| 2022 | -50.0% | -49.6% |
| 2023 | +152.4% | +62.2% |
| 2024 | -55.8% | -22.5% |
| 2025 | +49.6% | +3.1% |
| 2026 | +106.3% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLBS and SWBI good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GLBS and SWBI?
As of 2026-08-27, the correlation of weekly returns between GLBS and SWBI is 0.30 over 3 years, 0.23 over 1 year and 0.29 over 5 years.
Is SWBI a good diversifier for GLBS?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/glbs-vs-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glbs-vs-swbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLBS correlations · SWBI correlations
