ADUS vs PNTG: Correlation
Measured on weekly returns over the past three years, Addus HomeCare Corporation (ADUS) and The Pennant Group, Inc. (PNTG) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADUS and PNTG?
Across a 3-year window, the weekly returns of ADUS and PNTG correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 387.9 %².
By 3-year correlation, PNTG places #4 of the 11 assets tracked against ADUS. Their recent paths diverged sharply: over the last 12 months PNTG outperformed by 52.2 percentage points (+2.2% for ADUS against +54.4% for PNTG).
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.
ADUS vs PNTG: side by side
| ADUS (Addus HomeCare Corporation) | PNTG (The Pennant Group, Inc.) | |
|---|---|---|
| 1-year return | +2.2% | +54.4% |
| 5-year return | +31.2% | +30.0% |
| Volatility (ann.) | 27.2% | 34.4% |
| Beta vs S&P 500 | 0.41 | 0.71 |
| Max drawdown (3Y) | -34.9% | -40.2% |
| Market cap | $2.2B | $1.3B |
| P/E (trailing) | 20.7 | 42.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADUS | PNTG |
|---|---|---|
| 2022 | +6.4% | -52.4% |
| 2023 | -6.7% | +26.8% |
| 2024 | +35.0% | +90.5% |
| 2025 | -14.3% | +6.1% |
| 2026 | +9.9% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADUS and PNTG good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADUS and PNTG?
The ADUS/PNTG correlation stands at 0.41 on a 3-year window (1 year: 0.32, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is PNTG a good diversifier for ADUS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/adus-vs-pntg.json
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Related comparisons
Hubs: ADUS correlations · PNTG correlations
