MNTS vs SRL: Correlation
Measured on weekly returns over the past three years, Momentus Inc. (MNTS) and Scully Royalty Ltd. (SRL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and SRL?
Over the past 3 years, MNTS and SRL moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -2241.3 %².
Among the 15 assets we track against MNTS, SRL sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months SRL outperformed by 93.5 percentage points (-83.3% for MNTS against +10.2% for SRL). One caveat on sizing: MNTS is 4.1 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.
MNTS vs SRL: side by side
| MNTS (Momentus Inc.) | SRL (Scully Royalty Ltd.) | |
|---|---|---|
| 1-year return | -83.3% | +10.2% |
| 5-year return | -100.0% | -40.6% |
| Volatility (ann.) | 205.9% | 50.0% |
| Beta vs S&P 500 | 3.44 | 0.34 |
| Max drawdown (3Y) | -99.9% | -51.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | SRL |
|---|---|---|
| 2022 | -81.3% | -4.5% |
| 2023 | -95.6% | -19.1% |
| 2024 | -67.3% | +51.6% |
| 2025 | -96.6% | -4.5% |
| 2026 | -12.3% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and SRL good diversifiers for each other?
Yes. With a correlation of -0.22, MNTS and SRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNTS and SRL?
As of 2026-08-27, the correlation of weekly returns between MNTS and SRL is -0.22 over 3 years, -0.29 over 1 year and -0.11 over 5 years.
Is SRL a good diversifier for MNTS?
Yes. With a correlation of -0.22, MNTS and SRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNTS correlations · SRL correlations
