SPMC vs SYNX: Correlation
Sound Point Meridian Capital, Inc. (SPMC) and Silynxcom Ltd. (SYNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPMC and SYNX?
On 3 years of weekly data the SPMC/SYNX correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1023.9 %².
Among the 17 assets we track against SPMC, SYNX ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at -34.6% for SPMC and -39.0% for SYNX. Risk is not evenly split, since SYNX carries 2.9 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.
SPMC vs SYNX: side by side
| SPMC (Sound Point Meridian Capital, Inc.) | SYNX (Silynxcom Ltd.) | |
|---|---|---|
| 1-year return | -34.6% | -39.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 31.4% | 91.1% |
| Beta vs S&P 500 | 1.01 | 1.24 |
| Max drawdown (3Y) | -52.9% | -84.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 30.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Are SPMC and SYNX good diversifiers for each other?
Reasonably. At 0.35, SPMC and SYNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPMC and SYNX?
The SPMC/SYNX correlation stands at 0.35 on a 3-year window (1 year: 0.44, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SYNX a good diversifier for SPMC?
Reasonably. At 0.35, SPMC and SYNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SPMC correlations · SYNX correlations
