PAHC vs SMBK: Correlation
Measured on weekly returns over the past three years, Phibro Animal Health Corporation (PAHC) and SmartFinancial, Inc. (SMBK) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAHC and SMBK?
Over the past 3 years, PAHC and SMBK moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 709.7 %².
By 3-year correlation, SMBK places #5 of the 12 assets tracked against PAHC. The last year tells two different stories: SMBK led by 23.3 percentage points, +14.3% for PAHC against +37.6% for SMBK. One caveat on sizing: PAHC 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.
PAHC vs SMBK: side by side
| PAHC (Phibro Animal Health Corporation) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +14.3% | +37.6% |
| 5-year return | +73.3% | +113.7% |
| Volatility (ann.) | 53.5% | 28.9% |
| Beta vs S&P 500 | 0.79 | 0.84 |
| Max drawdown (3Y) | -52.1% | -26.4% |
| Market cap | $1.5B | $0.9B |
| P/E (trailing) | 15.5 | 14.9 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAHC | SMBK |
|---|---|---|
| 2022 | -32.3% | +1.6% |
| 2023 | -10.4% | -9.7% |
| 2024 | +86.3% | +28.1% |
| 2025 | +80.8% | +20.5% |
| 2026 | -2.1% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAHC and SMBK good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PAHC and SMBK?
As of 2026-08-27, the correlation of weekly returns between PAHC and SMBK is 0.46 over 3 years, 0.42 over 1 year and 0.41 over 5 years.
Is SMBK a good diversifier for PAHC?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/pahc-vs-smbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pahc-vs-smbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAHC correlations · SMBK correlations
