SLXN vs SMTK: Correlation
How closely do Silexion Therapeutics Corp (SLXN) and SmartKem, Inc. (SMTK) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLXN and SMTK?
Over the past 3 years, SLXN and SMTK moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.44 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 39758.3 %².
Among the 14 assets we track against SLXN, SMTK ranks #7 by 3-year correlation. On 12-month performance SMTK holds a 10.4-point edge, -99.5% against -89.1%. One caveat on sizing: SLXN is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SLXN vs SMTK: side by side
| SLXN (Silexion Therapeutics Corp) | SMTK (SmartKem, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | -89.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 498.2% | 155.8% |
| Beta vs S&P 500 | 1.29 | -0.16 |
| Max drawdown (3Y) | -100.0% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLXN | SMTK |
|---|---|---|
| 2022 | +4.0% | – |
| 2023 | +7.7% | – |
| 2024 | -81.5% | – |
| 2025 | -93.6% | -63.3% |
| 2026 | -98.1% | -93.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLXN and SMTK good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLXN and SMTK?
The SLXN/SMTK correlation stands at 0.44 on a 3-year window (1 year: 0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMTK a good diversifier for SLXN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/slxn-vs-smtk.json
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Hubs: SLXN correlations · SMTK correlations
