KMT vs SRTS: Correlation
Measured on weekly returns over the past three years, Kennametal Inc. (KMT) and Sensus Healthcare, Inc. (SRTS) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMT and SRTS?
On 3 years of weekly data the KMT/SRTS correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 946.7 %².
Among the 21 assets we track against KMT, SRTS ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KMT outperformed by 37.3 percentage points (+43.3% for KMT against +6.0% for SRTS). Note the risk asymmetry: SRTS runs 2.2 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.
KMT vs SRTS: side by side
| KMT (Kennametal Inc.) | SRTS (Sensus Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | +6.0% |
| 5-year return | -6.6% | -7.4% |
| Volatility (ann.) | 33.9% | 74.0% |
| Beta vs S&P 500 | 0.73 | 0.77 |
| Max drawdown (3Y) | -42.9% | -70.1% |
| Market cap | $2.3B | $0.1B |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 2.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMT | SRTS |
|---|---|---|
| 2022 | -31.0% | +2.8% |
| 2023 | +10.5% | -68.2% |
| 2024 | -3.9% | +193.2% |
| 2025 | +22.6% | -42.5% |
| 2026 | +8.1% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMT and SRTS good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KMT and SRTS?
As of 2026-08-27, the correlation of weekly returns between KMT and SRTS is 0.38 over 3 years, 0.35 over 1 year and 0.36 over 5 years.
Is SRTS a good diversifier for KMT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmt-vs-srts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kmt-vs-srts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KMT correlations · SRTS correlations
