SMTK vs TBBB: Correlation
Measured on weekly returns over the past three years, SmartKem, Inc. (SMTK) and BBB Foods Inc. Class A (TBBB) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMTK and TBBB?
On 3 years of weekly data the SMTK/TBBB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1430.5 %².
TBBB is close to the least connected end of SMTK's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with TBBB ahead by 175.0 points (-89.1% versus +85.9%). Note the risk asymmetry: SMTK runs 3.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SMTK vs TBBB: side by side
| SMTK (SmartKem, Inc.) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | -89.1% | +85.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 155.8% | 41.8% |
| Beta vs S&P 500 | -0.16 | 0.96 |
| Max drawdown (3Y) | -99.2% | -29.6% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are SMTK and TBBB good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SMTK and TBBB?
The SMTK/TBBB correlation stands at -0.22 on a 3-year window (1 year: -0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBBB a good diversifier for SMTK?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/smtk-vs-tbbb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/smtk-vs-tbbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SMTK correlations · TBBB correlations
