NVDA vs SMCI: Correlation
Measured on weekly returns over the past three years, Nvidia (NVDA) and Supermicro (SMCI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and SMCI?
On 3 years of weekly data the NVDA/SMCI correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.52). The 5-year figure is 0.48, and annualized covariance runs at 2496.2 %².
Within NVDA's tracked universe of 37 assets, SMCI comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NVDA outperformed by 39.8 percentage points (+25.7% for NVDA against -14.1% for SMCI). The rolling one-year correlation moved between 0.32 and 0.71 over the past three years, a moderate range. Note the risk asymmetry: SMCI runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NVDA vs SMCI: side by side
| NVDA (Nvidia) | SMCI (Supermicro) | |
|---|---|---|
| 1-year return | +25.7% | -14.1% |
| 5-year return | +908.3% | +983.4% |
| Volatility (ann.) | 44.5% | 107.1% |
| Beta vs S&P 500 | 2.18 | 3.08 |
| Max drawdown (3Y) | -36.9% | -84.8% |
| Market cap | $5,505.0B | $24.9B |
| P/E (trailing) | 32.2 | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NVDA | SMCI |
|---|---|---|
| 2022 | -50.3% | +86.8% |
| 2023 | +239.0% | +246.2% |
| 2024 | +171.2% | +7.2% |
| 2025 | +38.9% | -4.0% |
| 2026 | +22.4% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVDA and SMCI good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVDA and SMCI?
As of 2026-08-27, the correlation of weekly returns between NVDA and SMCI is 0.52 over 3 years, 0.39 over 1 year and 0.48 over 5 years.
Is SMCI a good diversifier for NVDA?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/nvda-vs-smci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvda-vs-smci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVDA correlations · SMCI correlations
