CHTR vs PAPL: Correlation
How closely do Charter Communications (CHTR) and Pineapple Financial Inc. (PAPL) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and PAPL?
Over the past 3 years, CHTR and PAPL moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1215.9 %².
Among the 35 assets we track against CHTR, PAPL ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHTR ahead by 25.8 points (-44.9% versus -70.7%). One caveat on sizing: PAPL is 4.4 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.
CHTR vs PAPL: side by side
| CHTR (Charter Communications) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -44.9% | -70.7% |
| 5-year return | -81.8% | n/a |
| Volatility (ann.) | 41.3% | 181.2% |
| Beta vs S&P 500 | 0.74 | -0.73 |
| Max drawdown (3Y) | -72.9% | -99.4% |
| Market cap | $20.0B | – |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | PAPL |
|---|---|---|
| 2022 | -48.0% | – |
| 2023 | +14.6% | – |
| 2024 | -11.8% | -74.7% |
| 2025 | -39.1% | -84.4% |
| 2026 | -28.9% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and PAPL good diversifiers for each other?
Yes. With a correlation of -0.16, CHTR and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHTR and PAPL?
The CHTR/PAPL correlation stands at -0.16 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for CHTR?
Yes. With a correlation of -0.16, CHTR and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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
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Related comparisons
Hubs: CHTR correlations · PAPL correlations
