OUT vs SMG: Correlation
How closely do OUTFRONT Media Inc. (OUT) and Scotts Miracle-Gro Company (The) (SMG) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OUT and SMG?
On 3 years of weekly data the OUT/SMG correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.52). The 5-year figure is 0.54, and annualized covariance runs at 747.5 %².
By 3-year correlation, SMG places #6 of the 15 assets tracked against OUT. Correlation aside, the last 12 months split them widely, with OUT ahead by 65.0 points (+66.8% versus +1.8%).
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.
OUT vs SMG: side by side
| OUT (OUTFRONT Media Inc.) | SMG (Scotts Miracle-Gro Company (The)) | |
|---|---|---|
| 1-year return | +66.8% | +1.8% |
| 5-year return | +65.9% | -53.4% |
| Volatility (ann.) | 37.2% | 38.9% |
| Beta vs S&P 500 | 1.22 | 0.76 |
| Max drawdown (3Y) | -32.0% | -47.4% |
| Market cap | $5.3B | $3.5B |
| P/E (trailing) | 21.9 | 23.4 |
| Dividend yield | 3.92% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OUT | SMG |
|---|---|---|
| 2022 | -34.4% | -68.8% |
| 2023 | -8.0% | +36.9% |
| 2024 | +40.6% | +8.3% |
| 2025 | +41.5% | -8.0% |
| 2026 | +27.3% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OUT and SMG good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OUT and SMG?
The OUT/SMG correlation stands at 0.52 on a 3-year window (1 year: 0.31, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SMG a good diversifier for OUT?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/out-vs-smg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/out-vs-smg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OUT correlations · SMG correlations
