HSDT vs SLMT: Correlation
Solana Company (HSDT) and Brera Holdings PLC - Class B (SLMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSDT and SLMT?
On 3 years of weekly data the HSDT/SLMT correlation comes out at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.49 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 12117.8 %².
SLMT is one of the assets that tracks HSDT most closely: it ranks #3 out of the 17 assets we track against HSDT. The last year tells two different stories: HSDT led by 32.0 percentage points, -60.7% for HSDT against -92.7% for SLMT.
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.
HSDT vs SLMT: side by side
| HSDT (Solana Company) | SLMT (Brera Holdings PLC - Class B) | |
|---|---|---|
| 1-year return | -60.7% | -92.7% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 177.7% | 139.8% |
| Beta vs S&P 500 | 0.34 | 1.66 |
| Max drawdown (3Y) | -100.0% | -98.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HSDT | SLMT |
|---|---|---|
| 2022 | -94.1% | – |
| 2023 | -47.6% | – |
| 2024 | -91.7% | +25.5% |
| 2025 | -99.4% | -77.3% |
| 2026 | -15.9% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSDT and SLMT good diversifiers for each other?
Reasonably. At 0.49, HSDT and SLMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HSDT and SLMT?
The HSDT/SLMT correlation stands at 0.49 on a 3-year window (1 year: 0.72, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SLMT a good diversifier for HSDT?
Reasonably. At 0.49, HSDT and SLMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hsdt-vs-slmt.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: HSDT correlations · SLMT correlations
