MDBH vs SHIM: Correlation
MDB Capital Holdings, LLC - Class A common (MDBH) and Shimmick Corporation (SHIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDBH and SHIM?
Across a 3-year window, the weekly returns of MDBH and SHIM correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 2594.0 %².
Within MDBH's tracked universe of 10 assets, SHIM comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHIM ahead by 37.2 points (-15.9% versus +21.3%). One caveat on sizing: SHIM is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MDBH vs SHIM: side by side
| MDBH (MDB Capital Holdings, LLC - Class A common) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -15.9% | +21.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 63.1% | 120.7% |
| Beta vs S&P 500 | 0.25 | 1.54 |
| Max drawdown (3Y) | -78.6% | -82.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDBH | SHIM |
|---|---|---|
| 2024 | -45.4% | -60.8% |
| 2025 | -48.5% | +12.7% |
| 2026 | -10.6% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDBH and SHIM good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MDBH and SHIM?
As of 2026-08-27, the correlation of weekly returns between MDBH and SHIM is 0.34 over 3 years, 0.17 over 1 year and n/a over 5 years.
Is SHIM a good diversifier for MDBH?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: MDBH correlations · SHIM correlations
