MLCI vs SLMT: Correlation
Mount Logan Capital Inc. (MLCI) and Brera Holdings PLC - Class B (SLMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLCI and SLMT?
Over the past 3 years, MLCI and SLMT moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2931.6 %².
Among the 12 assets we track against MLCI, SLMT ranks #5 by 3-year correlation. The last year tells two different stories: MLCI led by 62.5 percentage points, -30.2% for MLCI against -92.7% for SLMT. Risk is not evenly split, since SLMT carries 2.6 times the volatility of the other side.
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.
MLCI vs SLMT: side by side
| MLCI (Mount Logan Capital Inc.) | SLMT (Brera Holdings PLC - Class B) | |
|---|---|---|
| 1-year return | -30.2% | -92.7% |
| 5-year return | -55.0% | n/a |
| Volatility (ann.) | 54.8% | 139.8% |
| Beta vs S&P 500 | 0.45 | 1.66 |
| Max drawdown (3Y) | -68.8% | -98.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 4.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLCI | SLMT |
|---|---|---|
| 2022 | -28.2% | – |
| 2023 | -22.3% | – |
| 2024 | -10.5% | +25.5% |
| 2025 | +125.7% | -77.3% |
| 2026 | -60.2% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLCI and SLMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MLCI and SLMT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is SLMT a good diversifier for MLCI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: MLCI correlations · SLMT correlations
