IAUX vs SMCI: Correlation
How closely do i-80 Gold Corp. (IAUX) and Supermicro (SMCI) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAUX and SMCI?
On 3 years of weekly data the IAUX/SMCI correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 4860.6 %².
Among the 15 assets we track against IAUX, SMCI ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IAUX outperformed by 166.4 percentage points (+152.3% for IAUX against -14.1% for SMCI).
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.
IAUX vs SMCI: side by side
| IAUX (i-80 Gold Corp.) | SMCI (Supermicro) | |
|---|---|---|
| 1-year return | +152.3% | -14.1% |
| 5-year return | -7.4% | +983.4% |
| Volatility (ann.) | 91.2% | 107.1% |
| Beta vs S&P 500 | 1.99 | 3.08 |
| Max drawdown (3Y) | -82.6% | -84.8% |
| Market cap | $1.7B | $24.9B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | IAUX | SMCI |
|---|---|---|
| 2022 | +15.0% | +86.8% |
| 2023 | -37.6% | +246.2% |
| 2024 | -72.4% | +7.2% |
| 2025 | +201.0% | -4.0% |
| 2026 | +31.5% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAUX and SMCI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IAUX and SMCI?
The IAUX/SMCI correlation stands at 0.50 on a 3-year window (1 year: 0.41, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is SMCI a good diversifier for IAUX?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/iaux-vs-smci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iaux-vs-smci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IAUX correlations · SMCI correlations
