RICK vs SMHB: Correlation
How closely do RCI Hospitality Holdings, Inc. (RICK) and ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN (SMHB) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RICK and SMHB?
On 3 years of weekly data the RICK/SMHB correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 775.1 %².
Within RICK's tracked universe of 11 assets, SMHB comes in at #5 by 3-year correlation. The last year tells two different stories: SMHB led by 27.3 percentage points, -19.9% for RICK against +7.4% for SMHB.
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.
RICK vs SMHB: side by side
| RICK (RCI Hospitality Holdings, Inc.) | SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN) | |
|---|---|---|
| 1-year return | -19.9% | +7.4% |
| 5-year return | -54.1% | -13.5% |
| Volatility (ann.) | 39.0% | 39.3% |
| Beta vs S&P 500 | 0.96 | 1.42 |
| Max drawdown (3Y) | -68.8% | -45.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RICK | SMHB |
|---|---|---|
| 2022 | +20.0% | -36.0% |
| 2023 | -28.7% | +36.0% |
| 2024 | -12.8% | -15.8% |
| 2025 | -58.2% | -7.7% |
| 2026 | +24.7% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RICK and SMHB good diversifiers for each other?
To a limited degree. At 0.51 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 RICK and SMHB?
As of 2026-08-27, the correlation of weekly returns between RICK and SMHB is 0.51 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is SMHB a good diversifier for RICK?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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/rick-vs-smhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rick-vs-smhb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RICK correlations · SMHB correlations
