SDGR vs SLP: Correlation
Measured on weekly returns over the past three years, Schrodinger, Inc. (SDGR) and Simulations Plus, Inc. (SLP) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDGR and SLP?
On 3 years of weekly data the SDGR/SLP correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.51). The 5-year figure is 0.48, and annualized covariance runs at 1636.0 %².
Among the 21 assets we track against SDGR, SLP ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLP ahead by 25.2 points (+3.1% versus +28.3%).
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.
SDGR vs SLP: side by side
| SDGR (Schrodinger, Inc.) | SLP (Simulations Plus, Inc.) | |
|---|---|---|
| 1-year return | +3.1% | +28.3% |
| 5-year return | -65.2% | -58.0% |
| Volatility (ann.) | 57.7% | 55.9% |
| Beta vs S&P 500 | 1.91 | 1.34 |
| Max drawdown (3Y) | -70.2% | -77.7% |
| Market cap | $1.5B | $0.4B |
| P/E (trailing) | – | 46.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDGR | SLP |
|---|---|---|
| 2022 | -46.3% | -22.3% |
| 2023 | +91.5% | +23.1% |
| 2024 | -46.1% | -37.4% |
| 2025 | -7.3% | -34.6% |
| 2026 | +14.1% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDGR and SLP 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 SDGR and SLP?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.63 over the last year and 0.48 over 5 years.
Is SLP a good diversifier for SDGR?
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?
On the −1 to +1 scale, 0.51 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/sdgr-vs-slp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sdgr-vs-slp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SDGR correlations · SLP correlations
