SSM vs SWVL: Correlation
Sono Group N.V. (SSM) and Swvl Holdings Corp (SWVL) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSM and SWVL?
On 3 years of weekly data the SSM/SWVL correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.37). The 5-year figure is 0.28, and annualized covariance runs at 54232.1 %².
Within SSM's tracked universe of 20 assets, SWVL comes in at #7 by 3-year correlation. The trailing year gives SWVL the advantage: -50.5% versus -37.4%, a 13.1-point spread. Note the risk asymmetry: SSM runs 9.9 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.
SSM vs SWVL: side by side
| SSM (Sono Group N.V.) | SWVL (Swvl Holdings Corp) | |
|---|---|---|
| 1-year return | -50.5% | -37.4% |
| 5-year return | -99.9% | -99.1% |
| Volatility (ann.) | 1204.8% | 122.0% |
| Beta vs S&P 500 | 0.56 | 1.20 |
| Max drawdown (3Y) | -99.4% | -92.3% |
| Market cap | – | – |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSM | SWVL |
|---|---|---|
| 2022 | -89.8% | -98.6% |
| 2023 | -93.9% | -51.1% |
| 2024 | -16.7% | +281.3% |
| 2025 | +86.7% | -70.2% |
| 2026 | -61.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSM and SWVL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SSM and SWVL?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.01 over the last year and 0.28 over 5 years.
Is SWVL a good diversifier for SSM?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ssm-vs-swvl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssm-vs-swvl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SSM correlations · SWVL correlations
