LILA vs SMRT: Correlation
Liberty Latin America Ltd. (LILA) and SmartRent, Inc. (SMRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILA and SMRT?
On 3 years of weekly data the LILA/SMRT correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.42 over 3. The 5-year figure is 0.32, and annualized covariance runs at 1385.3 %².
By 3-year correlation, SMRT places #4 of the 13 assets tracked against LILA. Correlation aside, the last 12 months split them widely, with LILA ahead by 60.0 points (+52.5% versus -7.5%).
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.
LILA vs SMRT: side by side
| LILA (Liberty Latin America Ltd.) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | +52.5% | -7.5% |
| 5-year return | -13.8% | -89.1% |
| Volatility (ann.) | 49.9% | 66.0% |
| Beta vs S&P 500 | 0.47 | 1.68 |
| Max drawdown (3Y) | -57.1% | -79.4% |
| Market cap | $1.6B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LILA | SMRT |
|---|---|---|
| 2022 | -35.4% | -74.9% |
| 2023 | -2.9% | +31.3% |
| 2024 | -13.0% | -45.1% |
| 2025 | +16.2% | +15.4% |
| 2026 | +65.9% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILA and SMRT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LILA and SMRT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.36 over the last year and 0.32 over 5 years.
Is SMRT a good diversifier for LILA?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/lila-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lila-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILA correlations · SMRT correlations
