LILAK vs SMRT: Correlation
Measured on weekly returns over the past three years, Liberty Latin America Ltd. (LILAK) and SmartRent, Inc. (SMRT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILAK and SMRT?
Across a 3-year window, the weekly returns of LILAK and SMRT correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 1363.5 %².
By 3-year correlation, SMRT places #4 of the 13 assets tracked against LILAK. The last year tells two different stories: LILAK led by 55.6 percentage points, +48.1% for LILAK against -7.5% for SMRT.
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.
LILAK vs SMRT: side by side
| LILAK (Liberty Latin America Ltd.) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | +48.1% | -7.5% |
| 5-year return | -15.2% | -89.1% |
| Volatility (ann.) | 49.7% | 66.0% |
| Beta vs S&P 500 | 0.52 | 1.68 |
| Max drawdown (3Y) | -57.2% | -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 | LILAK | SMRT |
|---|---|---|
| 2022 | -33.3% | -74.9% |
| 2023 | -3.4% | +31.3% |
| 2024 | -13.6% | -45.1% |
| 2025 | +17.7% | +15.4% |
| 2026 | +63.2% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILAK and SMRT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LILAK and SMRT?
The LILAK/SMRT correlation stands at 0.42 on a 3-year window (1 year: 0.35, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SMRT a good diversifier for LILAK?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lilak-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lilak-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILAK correlations · SMRT correlations
