ARKO vs PEPG: Correlation
Measured on weekly returns over the past three years, ARKO Corp. (ARKO) and PepGen Inc. (PEPG) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKO and PEPG?
Across a 3-year window, the weekly returns of ARKO and PEPG correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -2882.8 %².
Out of 10 assets tracked against ARKO, PEPG lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months PEPG outperformed by 157.3 percentage points (-9.7% for ARKO against +147.6% for PEPG). One caveat on sizing: PEPG is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARKO vs PEPG: side by side
| ARKO (ARKO Corp.) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | -9.7% | +147.6% |
| 5-year return | -52.2% | -76.2% |
| Volatility (ann.) | 57.6% | 168.3% |
| Beta vs S&P 500 | 1.16 | 1.20 |
| Max drawdown (3Y) | -55.2% | -94.6% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | 55.8 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARKO | PEPG |
|---|---|---|
| 2022 | -0.3% | – |
| 2023 | -3.3% | -49.1% |
| 2024 | -18.6% | -44.3% |
| 2025 | -29.3% | +71.8% |
| 2026 | -0.2% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKO and PEPG good diversifiers for each other?
Yes. With a correlation of -0.30, ARKO and PEPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARKO and PEPG?
The ARKO/PEPG correlation stands at -0.30 on a 3-year window (1 year: -0.29, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is PEPG a good diversifier for ARKO?
Yes. With a correlation of -0.30, ARKO and PEPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ARKO correlations · PEPG correlations
