KD vs SPMC: Correlation
Measured on weekly returns over the past three years, Kyndryl Holdings, Inc. (KD) and Sound Point Meridian Capital, Inc. (SPMC) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and SPMC?
Over the past 3 years, KD and SPMC moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 788.7 %².
Among the 27 assets we track against KD, SPMC ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPMC ahead by 23.4 points (-58.0% versus -34.6%). Note the risk asymmetry: KD runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KD vs SPMC: side by side
| KD (Kyndryl Holdings, Inc.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -58.0% | -34.6% |
| 5-year return | -67.5% | n/a |
| Volatility (ann.) | 53.4% | 31.4% |
| Beta vs S&P 500 | 1.59 | 1.01 |
| Max drawdown (3Y) | -75.6% | -52.9% |
| Market cap | $2.9B | $0.2B |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.00% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KD | SPMC |
|---|---|---|
| 2022 | -38.6% | – |
| 2023 | +86.9% | – |
| 2024 | +66.5% | – |
| 2025 | -23.2% | -22.5% |
| 2026 | -50.1% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and SPMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KD and SPMC?
As of 2026-08-27, the correlation of weekly returns between KD and SPMC is 0.46 over 3 years, 0.46 over 1 year and n/a over 5 years.
Is SPMC a good diversifier for KD?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/kd-vs-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kd-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KD correlations · SPMC correlations
