SDST vs SHIM: Correlation
Measured on weekly returns over the past three years, Stardust Power Inc. (SDST) and Shimmick Corporation (SHIM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDST and SHIM?
On 3 years of weekly data the SDST/SHIM correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.40). The 5-year figure is n/a, and annualized covariance runs at 6437.1 %².
SHIM is one of the assets that tracks SDST most closely: it ranks #3 out of the 10 assets we track against SDST. Their recent paths diverged sharply: over the last 12 months SHIM outperformed by 112.0 percentage points (-90.7% for SDST against +21.3% for SHIM).
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.
SDST vs SHIM: side by side
| SDST (Stardust Power Inc.) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -90.7% | +21.3% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 130.1% | 120.7% |
| Beta vs S&P 500 | 1.23 | 1.54 |
| Max drawdown (3Y) | -99.8% | -82.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDST | SHIM |
|---|---|---|
| 2022 | +4.1% | – |
| 2023 | +9.5% | – |
| 2024 | -67.7% | -60.8% |
| 2025 | -91.5% | +12.7% |
| 2026 | -87.9% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDST and SHIM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SDST and SHIM?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is SHIM a good diversifier for SDST?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: SDST correlations · SHIM correlations
