GTE vs SNN: Correlation
Measured on weekly returns over the past three years, Gran Tierra Energy Inc. (GTE) and Smith & Nephew SNATS, Inc. (SNN) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTE and SNN?
On 3 years of weekly data the GTE/SNN correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.25). The 5-year figure is -0.15, and annualized covariance runs at -401.0 %².
Among the 13 assets we track against GTE, SNN sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months GTE outperformed by 163.0 percentage points (+143.0% for GTE against -20.0% for SNN). Risk is not evenly split, since GTE carries 2.3 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.
GTE vs SNN: side by side
| GTE (Gran Tierra Energy Inc.) | SNN (Smith & Nephew SNATS, Inc.) | |
|---|---|---|
| 1-year return | +143.0% | -20.0% |
| 5-year return | +90.8% | -13.6% |
| Volatility (ann.) | 60.6% | 26.3% |
| Beta vs S&P 500 | 0.32 | 0.60 |
| Max drawdown (3Y) | -66.9% | -24.0% |
| Market cap | $0.4B | $12.2B |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTE | SNN |
|---|---|---|
| 2022 | +30.3% | -20.2% |
| 2023 | -43.0% | +4.4% |
| 2024 | +28.2% | -7.3% |
| 2025 | -41.4% | +36.8% |
| 2026 | +138.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTE and SNN good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between GTE and SNN?
The GTE/SNN correlation stands at -0.25 on a 3-year window (1 year: -0.52, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is SNN a good diversifier for GTE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/gte-vs-snn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gte-vs-snn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTE correlations · SNN correlations
