AERT vs ELAB: Correlation
Aeries Technology, Inc. - Class A (AERT) and PMGC Holdings Inc. (ELAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AERT and ELAB?
Across a 3-year window, the weekly returns of AERT and ELAB correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.38 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 7345.5 %².
In AERT's tracked universe of 10 assets, ELAB sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months AERT outperformed by 111.2 percentage points (+11.5% for AERT against -99.7% for ELAB). Note the risk asymmetry: ELAB runs 1.8 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.
AERT vs ELAB: side by side
| AERT (Aeries Technology, Inc. - Class A) | ELAB (PMGC Holdings Inc.) | |
|---|---|---|
| 1-year return | +11.5% | -99.7% |
| 5-year return | -91.2% | n/a |
| Volatility (ann.) | 108.4% | 195.6% |
| Beta vs S&P 500 | 0.78 | 2.50 |
| Max drawdown (3Y) | -97.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AERT | ELAB |
|---|---|---|
| 2022 | +4.7% | – |
| 2023 | -75.5% | – |
| 2024 | -62.8% | -99.4% |
| 2025 | -44.5% | -97.4% |
| 2026 | +66.4% | -98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AERT and ELAB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AERT and ELAB?
As of 2026-08-27, the correlation of weekly returns between AERT and ELAB is 0.38 over 3 years, 0.56 over 1 year and n/a over 5 years.
Is ELAB a good diversifier for AERT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/aert-vs-elab.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aert-vs-elab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AERT correlations · ELAB correlations
