SHC vs SMC: Correlation
Sotera Health Company (SHC) and Summit Midstream Corporation (SMC) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHC and SMC?
On 3 years of weekly data the SHC/SMC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.24). The 5-year figure is -0.00, and annualized covariance runs at -497.0 %².
Among the 15 assets we track against SHC, SMC sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with SMC ahead by 47.1 points (+18.1% versus +65.2%).
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.
SHC vs SMC: side by side
| SHC (Sotera Health Company) | SMC (Summit Midstream Corporation) | |
|---|---|---|
| 1-year return | +18.1% | +65.2% |
| 5-year return | -21.9% | +1.2% |
| Volatility (ann.) | 40.4% | 52.2% |
| Beta vs S&P 500 | 1.09 | 0.43 |
| Max drawdown (3Y) | -43.5% | -57.3% |
| Market cap | $5.6B | $0.5B |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHC | SMC |
|---|---|---|
| 2022 | -64.6% | -24.9% |
| 2023 | +102.3% | +7.4% |
| 2024 | -18.8% | +110.9% |
| 2025 | +28.9% | -29.4% |
| 2026 | +10.4% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHC and SMC good diversifiers for each other?
Yes. With a correlation of -0.24, SHC and SMC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SHC and SMC?
The SHC/SMC correlation stands at -0.24 on a 3-year window (1 year: -0.06, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is SMC a good diversifier for SHC?
Yes. With a correlation of -0.24, SHC and SMC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: SHC correlations · SMC correlations
