AKAN vs ERIE: Correlation
How closely do Akanda Corp. (AKAN) and Erie Indemnity (ERIE) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and ERIE?
Across a 3-year window, the weekly returns of AKAN and ERIE correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.19 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -1620.2 %².
Within AKAN's tracked universe of 26 assets, ERIE comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ERIE ahead by 70.7 points (-95.2% versus -24.5%). Risk is not evenly split, since AKAN carries 9.4 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.
AKAN vs ERIE: side by side
| AKAN (Akanda Corp.) | ERIE (Erie Indemnity) | |
|---|---|---|
| 1-year return | -95.2% | -24.5% |
| 5-year return | -100.0% | +61.3% |
| Volatility (ann.) | 285.6% | 30.3% |
| Beta vs S&P 500 | 2.86 | 0.37 |
| Max drawdown (3Y) | -99.9% | -60.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | – | 23.4 |
| Dividend yield | 0.00% | 2.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AKAN | ERIE |
|---|---|---|
| 2022 | – | +32.0% |
| 2023 | -70.5% | +37.3% |
| 2024 | -95.5% | +24.7% |
| 2025 | -90.9% | -29.4% |
| 2026 | -58.9% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and ERIE good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAN and ERIE?
As of 2026-08-27, the correlation of weekly returns between AKAN and ERIE is -0.19 over 3 years, -0.32 over 1 year and -0.14 over 5 years.
Is ERIE a good diversifier for AKAN?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/akan-vs-erie.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-erie/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKAN correlations · ERIE correlations
