AGPU vs ELAB: Correlation
Axe Compute Inc. (AGPU) and PMGC Holdings Inc. (ELAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGPU and ELAB?
On 3 years of weekly data the AGPU/ELAB correlation comes out at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.52 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 15318.9 %².
ELAB is one of the assets that tracks AGPU most closely: it ranks #2 out of the 13 assets we track against AGPU. The last year tells two different stories: AGPU led by 75.3 percentage points, -24.4% for AGPU against -99.7% for ELAB.
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.
AGPU vs ELAB: side by side
| AGPU (Axe Compute Inc.) | ELAB (PMGC Holdings Inc.) | |
|---|---|---|
| 1-year return | -24.4% | -99.7% |
| 5-year return | -96.8% | n/a |
| Volatility (ann.) | 146.2% | 195.6% |
| Beta vs S&P 500 | 1.75 | 2.50 |
| Max drawdown (3Y) | -97.9% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGPU | ELAB |
|---|---|---|
| 2022 | -67.8% | – |
| 2023 | -46.4% | – |
| 2024 | -75.1% | -99.4% |
| 2025 | -41.9% | -97.4% |
| 2026 | +44.9% | -98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGPU and ELAB good diversifiers for each other?
Only partially. A correlation of 0.52 means AGPU and ELAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGPU and ELAB?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is ELAB a good diversifier for AGPU?
Only partially. A correlation of 0.52 means AGPU and ELAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/agpu-vs-elab.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agpu-vs-elab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGPU correlations · ELAB correlations
