PHAR vs SMCI: Correlation
Pharming Group N.V. (PHAR) and Supermicro (SMCI) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHAR and SMCI?
On 3 years of weekly data the PHAR/SMCI correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -908.5 %².
SMCI is close to the least connected end of PHAR's tracked universe, ranking #8 of 12. Twelve-month performance is nearly a tie, at -15.7% for PHAR and -14.1% for SMCI. Note the risk asymmetry: SMCI runs 2.0 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.
PHAR vs SMCI: side by side
| PHAR (Pharming Group N.V.) | SMCI (Supermicro) | |
|---|---|---|
| 1-year return | -15.7% | -14.1% |
| 5-year return | +11.7% | +983.4% |
| Volatility (ann.) | 52.7% | 107.1% |
| Beta vs S&P 500 | 0.52 | 3.08 |
| Max drawdown (3Y) | -57.3% | -84.8% |
| Market cap | $0.8B | $24.9B |
| P/E (trailing) | 84.1 | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PHAR | SMCI |
|---|---|---|
| 2022 | +23.4% | +86.8% |
| 2023 | +3.6% | +246.2% |
| 2024 | -11.9% | +7.2% |
| 2025 | +75.6% | -4.0% |
| 2026 | -33.3% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHAR and SMCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between PHAR and SMCI?
As of 2026-08-27, the correlation of weekly returns between PHAR and SMCI is -0.16 over 3 years, -0.24 over 1 year and -0.04 over 5 years.
Is SMCI a good diversifier for PHAR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/phar-vs-smci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/phar-vs-smci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHAR correlations · SMCI correlations
