SLI vs SVM: Correlation
How closely do Standard Lithium Ltd. (SLI) and Silvercorp Metals Inc. (SVM) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLI and SVM?
Across a 3-year window, the weekly returns of SLI and SVM correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.39, with an annualized covariance of 2030.7 %².
Among the 12 assets we track against SLI, SVM ranks #5 by 3-year correlation. The last year tells two different stories: SVM led by 198.7 percentage points, -10.8% for SLI against +187.9% for SVM.
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.
SLI vs SVM: side by side
| SLI (Standard Lithium Ltd.) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | -10.8% | +187.9% |
| 5-year return | -51.8% | +222.0% |
| Volatility (ann.) | 77.0% | 59.2% |
| Beta vs S&P 500 | 1.21 | 1.33 |
| Max drawdown (3Y) | -69.9% | -43.8% |
| Market cap | $0.7B | $3.0B |
| P/E (trailing) | – | 122.4 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLI | SVM |
|---|---|---|
| 2022 | -69.9% | -20.6% |
| 2023 | -31.5% | -10.3% |
| 2024 | -27.7% | +14.9% |
| 2025 | +206.2% | +178.8% |
| 2026 | -40.9% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLI and SVM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SLI and SVM?
The SLI/SVM correlation stands at 0.45 on a 3-year window (1 year: 0.62, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is SVM a good diversifier for SLI?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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: SLI correlations · SVM correlations
