SEB vs SLMT: Correlation
How closely do Seaboard Corporation (SEB) and Brera Holdings PLC - Class B (SLMT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEB and SLMT?
Over the past 3 years, SEB and SLMT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.21 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -950.8 %².
Among the 25 assets we track against SEB, SLMT ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SEB outperformed by 97.5 percentage points (+4.8% for SEB against -92.7% for SLMT). Note the risk asymmetry: SLMT runs 4.3 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.
SEB vs SLMT: side by side
| SEB (Seaboard Corporation) | SLMT (Brera Holdings PLC - Class B) | |
|---|---|---|
| 1-year return | +4.8% | -92.7% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 32.8% | 139.8% |
| Beta vs S&P 500 | -0.07 | 1.66 |
| Max drawdown (3Y) | -37.7% | -98.8% |
| Market cap | $3.8B | $0.1B |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEB | SLMT |
|---|---|---|
| 2022 | -3.8% | – |
| 2023 | -5.2% | – |
| 2024 | -31.7% | +25.5% |
| 2025 | +83.5% | -77.3% |
| 2026 | -11.0% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEB and SLMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between SEB and SLMT?
The SEB/SLMT correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SLMT a good diversifier for SEB?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SEB correlations · SLMT correlations
