INLX vs SW: Correlation
How closely do Intellinetics, Inc. (INLX) and Smurfit Westrock (SW) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INLX and SW?
Over the past 3 years, INLX and SW moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.07 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -334.9 %².
By 3-year correlation, SW places #8 of the 24 assets tracked against INLX. The last year tells two different stories: SW led by 56.1 percentage points, -46.4% for INLX against +9.7% for SW.
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.
INLX vs SW: side by side
| INLX (Intellinetics, Inc.) | SW (Smurfit Westrock) | |
|---|---|---|
| 1-year return | -46.4% | +9.7% |
| 5-year return | +7.4% | +2.6% |
| Volatility (ann.) | 60.0% | 40.1% |
| Beta vs S&P 500 | -0.07 | 0.92 |
| Max drawdown (3Y) | -65.9% | -40.5% |
| Market cap | – | $25.5B |
| P/E (trailing) | – | 51.7 |
| Dividend yield | 0.00% | 3.57% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | INLX | SW |
|---|---|---|
| 2022 | -43.5% | -28.0% |
| 2023 | +18.5% | +14.1% |
| 2024 | +171.7% | +37.6% |
| 2025 | -42.0% | -26.2% |
| 2026 | -34.2% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INLX and SW good diversifiers for each other?
Yes. With a correlation of -0.14, INLX and SW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INLX and SW?
As of 2026-08-27, the correlation of weekly returns between INLX and SW is -0.14 over 3 years, -0.07 over 1 year and -0.05 over 5 years.
Is SW a good diversifier for INLX?
Yes. With a correlation of -0.14, INLX and SW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 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/inlx-vs-sw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inlx-vs-sw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INLX correlations · SW correlations
