IMPP vs SMX: Correlation
Imperial Petroleum Inc. (IMPP) and SMX (Security Matters) Public Limited Company (SMX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and SMX?
On 3 years of weekly data the IMPP/SMX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.20 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -8910.5 %².
SMX is close to the least connected end of IMPP's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with IMPP ahead by 149.5 points (+53.3% versus -96.2%). One caveat on sizing: SMX is 16.9 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.
IMPP vs SMX: side by side
| IMPP (Imperial Petroleum Inc.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | +53.3% | -96.2% |
| 5-year return | -95.5% | -100.0% |
| Volatility (ann.) | 51.6% | 869.6% |
| Beta vs S&P 500 | 0.12 | 6.86 |
| Max drawdown (3Y) | -49.8% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMPP | SMX |
|---|---|---|
| 2022 | -88.7% | +3.5% |
| 2023 | -27.0% | -99.7% |
| 2024 | +14.0% | -98.9% |
| 2025 | +20.3% | -99.7% |
| 2026 | +39.8% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and SMX good diversifiers for each other?
Yes. With a correlation of -0.20, IMPP and SMX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMPP and SMX?
The IMPP/SMX correlation stands at -0.20 on a 3-year window (1 year: -0.37, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is SMX a good diversifier for IMPP?
Yes. With a correlation of -0.20, IMPP and SMX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/impp-vs-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/impp-vs-smx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMPP correlations · SMX correlations
