INHD vs SMCI: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and Supermicro (SMCI) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and SMCI?
On 3 years of weekly data the INHD/SMCI correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.16). The 5-year figure is n/a, and annualized covariance runs at -38740.8 %².
Among the 25 assets we track against INHD, SMCI ranks #15 by 3-year correlation. The last year tells two different stories: SMCI led by 85.7 percentage points, -99.8% for INHD against -14.1% for SMCI. One caveat on sizing: INHD is 20.9 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.
INHD vs SMCI: side by side
| INHD (Inno Holdings Inc.) | SMCI (Supermicro) | |
|---|---|---|
| 1-year return | -99.8% | -14.1% |
| 5-year return | n/a | +983.4% |
| Volatility (ann.) | 2238.2% | 107.1% |
| Beta vs S&P 500 | -0.52 | 3.08 |
| Max drawdown (3Y) | -100.0% | -84.8% |
| Market cap | – | $24.9B |
| P/E (trailing) | 0.2 | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | INHD | SMCI |
|---|---|---|
| 2022 | – | +86.8% |
| 2023 | – | +246.2% |
| 2024 | -67.3% | +7.2% |
| 2025 | -99.0% | -4.0% |
| 2026 | -73.7% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and SMCI good diversifiers for each other?
Yes. With a correlation of -0.16, INHD and SMCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INHD and SMCI?
The INHD/SMCI correlation stands at -0.16 on a 3-year window (1 year: -0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMCI a good diversifier for INHD?
Yes. With a correlation of -0.16, INHD and SMCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/inhd-vs-smci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inhd-vs-smci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INHD correlations · SMCI correlations
