SMTK vs XOM: Correlation
Measured on weekly returns over the past three years, SmartKem, Inc. (SMTK) and ExxonMobil (XOM) 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 XOM?
Over the past 3 years, SMTK and XOM moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.22 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -872.1 %².
XOM is close to the least connected end of SMTK's tracked universe, ranking #13 of 15. Their recent paths diverged sharply: over the last 12 months XOM outperformed by 131.9 percentage points (-89.1% for SMTK against +42.8% for XOM). One caveat on sizing: SMTK is 6.4 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.
SMTK vs XOM: side by side
| SMTK (SmartKem, Inc.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | -89.1% | +42.8% |
| 5-year return | n/a | +237.9% |
| Volatility (ann.) | 155.8% | 24.3% |
| Beta vs S&P 500 | -0.16 | 0.01 |
| Max drawdown (3Y) | -99.2% | -20.1% |
| Market cap | – | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | SMTK | XOM |
|---|---|---|
| 2022 | – | +87.4% |
| 2023 | – | -6.3% |
| 2024 | – | +11.3% |
| 2025 | -63.3% | +16.0% |
| 2026 | -93.4% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMTK and XOM good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between SMTK and XOM?
As of 2026-08-27, the correlation of weekly returns between SMTK and XOM is -0.22 over 3 years, -0.38 over 1 year and n/a over 5 years.
Is XOM a good diversifier for SMTK?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/smtk-vs-xom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/smtk-vs-xom/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SMTK correlations · XOM correlations
