INSG vs SLVM: Correlation
Inseego Corp. (INSG) and Sylvamo Corporation (SLVM) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSG and SLVM?
On 3 years of weekly data the INSG/SLVM correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.39 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 1479.2 %².
Among the 10 assets we track against INSG, SLVM ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLVM ahead by 48.9 points (-64.4% versus -15.5%). One caveat on sizing: INSG is 2.6 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.
INSG vs SLVM: side by side
| INSG (Inseego Corp.) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | -64.4% | -15.5% |
| 5-year return | -94.8% | +65.7% |
| Volatility (ann.) | 100.6% | 38.0% |
| Beta vs S&P 500 | 2.19 | 0.92 |
| Max drawdown (3Y) | -80.2% | -60.6% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | 31.4 | 19.6 |
| Dividend yield | 0.00% | 4.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSG | SLVM |
|---|---|---|
| 2022 | -85.6% | +75.3% |
| 2023 | -73.8% | +4.2% |
| 2024 | +366.4% | +64.7% |
| 2025 | +0.1% | -37.1% |
| 2026 | -57.2% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSG and SLVM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INSG and SLVM?
As of 2026-08-27, the correlation of weekly returns between INSG and SLVM is 0.39 over 3 years, 0.19 over 1 year and 0.28 over 5 years.
Is SLVM a good diversifier for INSG?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INSG correlations · SLVM correlations
