SITC vs SMHB: Correlation
SITE Centers Corp. (SITC) and ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN (SMHB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITC and SMHB?
On 3 years of weekly data the SITC/SMHB correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 563.9 %².
Few assets follow SITC as closely as SMHB, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months SMHB outperformed by 50.6 percentage points (-43.2% for SITC against +7.4% for SMHB). Risk is not evenly split, since SMHB carries 1.6 times the volatility of the other side.
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.
SITC vs SMHB: side by side
| SITC (SITE Centers Corp.) | SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN) | |
|---|---|---|
| 1-year return | -43.2% | +7.4% |
| 5-year return | -37.3% | -13.5% |
| Volatility (ann.) | 24.9% | 39.3% |
| Beta vs S&P 500 | 0.73 | 1.42 |
| Max drawdown (3Y) | -59.0% | -45.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 1.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITC | SMHB |
|---|---|---|
| 2022 | -2.2% | -36.0% |
| 2023 | +19.2% | +36.0% |
| 2024 | +0.2% | -15.8% |
| 2025 | -15.1% | -7.7% |
| 2026 | -39.4% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITC and SMHB good diversifiers for each other?
To a limited degree. At 0.58 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 SITC and SMHB?
As of 2026-08-27, the correlation of weekly returns between SITC and SMHB is 0.58 over 3 years, 0.48 over 1 year and 0.65 over 5 years.
Is SMHB a good diversifier for SITC?
To a limited degree. At 0.58 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 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/sitc-vs-smhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sitc-vs-smhb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SITC correlations · SMHB correlations
