HBT vs SMTI: Correlation
HBT Financial, Inc. (HBT) and Sanara MedTech Inc. (SMTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBT and SMTI?
Over the past 3 years, HBT and SMTI moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 588.4 %².
Within HBT's tracked universe of 17 assets, SMTI comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HBT ahead by 36.4 points (+38.3% versus +1.9%). Risk is not evenly split, since SMTI carries 1.9 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.
HBT vs SMTI: side by side
| HBT (HBT Financial, Inc.) | SMTI (Sanara MedTech Inc.) | |
|---|---|---|
| 1-year return | +38.3% | +1.9% |
| 5-year return | +160.4% | -0.3% |
| Volatility (ann.) | 26.7% | 51.5% |
| Beta vs S&P 500 | 0.80 | 1.20 |
| Max drawdown (3Y) | -18.7% | -60.7% |
| Market cap | $1.3B | $0.3B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBT | SMTI |
|---|---|---|
| 2022 | +8.1% | +54.0% |
| 2023 | +11.7% | -9.7% |
| 2024 | +7.7% | -19.2% |
| 2025 | +22.2% | -29.7% |
| 2026 | +41.4% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBT and SMTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HBT and SMTI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.33 over the last year and 0.34 over 5 years.
Is SMTI a good diversifier for HBT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/hbt-vs-smti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hbt-vs-smti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBT correlations · SMTI correlations
