SIG vs SMC: Correlation
How closely do Signet Jewelers Limited (SIG) and Summit Midstream Corporation (SMC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIG and SMC?
Across a 3-year window, the weekly returns of SIG and SMC correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -574.8 %².
SMC is close to the least connected end of SIG's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months SMC outperformed by 76.9 percentage points (-11.7% for SIG against +65.2% for SMC).
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.
SIG vs SMC: side by side
| SIG (Signet Jewelers Limited) | SMC (Summit Midstream Corporation) | |
|---|---|---|
| 1-year return | -11.7% | +65.2% |
| 5-year return | +8.4% | +1.2% |
| Volatility (ann.) | 47.9% | 52.2% |
| Beta vs S&P 500 | 1.19 | 0.43 |
| Max drawdown (3Y) | -57.1% | -57.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIG | SMC |
|---|---|---|
| 2022 | -21.0% | -24.9% |
| 2023 | +59.6% | +7.4% |
| 2024 | -23.8% | +110.9% |
| 2025 | +4.1% | -29.4% |
| 2026 | -0.5% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIG and SMC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between SIG and SMC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.27 over the last year and -0.03 over 5 years.
Is SMC a good diversifier for SIG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/sig-vs-smc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sig-vs-smc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SIG correlations · SMC correlations
