ALTI vs PDCC: Correlation
How closely do AlTi Global, Inc. (ALTI) and Pearl Diver Credit Company Inc. (PDCC) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and PDCC?
On 3 years of weekly data the ALTI/PDCC correlation comes out at 0.34, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.34 over 3. The 5-year figure is n/a, and annualized covariance runs at 523.8 %².
By 3-year correlation, PDCC places #7 of the 13 assets tracked against ALTI. Their recent paths diverged sharply: over the last 12 months ALTI outperformed by 29.7 percentage points (-8.3% for ALTI against -38.0% for PDCC). Note the risk asymmetry: ALTI runs 2.1 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.
ALTI vs PDCC: side by side
| ALTI (AlTi Global, Inc.) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | -8.3% | -38.0% |
| 5-year return | -58.9% | n/a |
| Volatility (ann.) | 56.3% | 26.4% |
| Beta vs S&P 500 | 1.23 | 0.17 |
| Max drawdown (3Y) | -72.2% | -47.3% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTI | PDCC |
|---|---|---|
| 2022 | +10.4% | – |
| 2023 | -19.7% | – |
| 2024 | -49.7% | – |
| 2025 | +5.2% | -20.9% |
| 2026 | -14.7% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and PDCC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALTI and PDCC?
The ALTI/PDCC correlation stands at 0.34 on a 3-year window (1 year: 0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PDCC a good diversifier for ALTI?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/alti-vs-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alti-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALTI correlations · PDCC correlations
