KTTA vs SMX: Correlation
Pasithea Therapeutics Corp. (KTTA) and SMX (Security Matters) Public Limited Company (SMX) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTTA and SMX?
Across a 3-year window, the weekly returns of KTTA and SMX correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 154135.6 %².
In KTTA's tracked universe of 10 assets, SMX sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months KTTA outperformed by 69.8 percentage points (-26.4% for KTTA against -96.2% for SMX). Note the risk asymmetry: SMX runs 3.5 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.
KTTA vs SMX: side by side
| KTTA (Pasithea Therapeutics Corp.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -26.4% | -96.2% |
| 5-year return | -99.2% | -100.0% |
| Volatility (ann.) | 248.1% | 869.6% |
| Beta vs S&P 500 | 3.29 | 6.86 |
| Max drawdown (3Y) | -97.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTTA | SMX |
|---|---|---|
| 2022 | -63.7% | +3.5% |
| 2023 | -42.4% | -99.7% |
| 2024 | -57.4% | -98.9% |
| 2025 | -59.0% | -99.7% |
| 2026 | -57.0% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTTA and SMX good diversifiers for each other?
Only partially. A correlation of 0.71 means KTTA and SMX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KTTA and SMX?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.76 over the last year and 0.69 over 5 years.
Is SMX a good diversifier for KTTA?
Only partially. A correlation of 0.71 means KTTA and SMX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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/ktta-vs-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktta-vs-smx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KTTA correlations · SMX correlations
