CIA vs PEW: Correlation
Citizens, Inc. (CIA) and GrabAGun Digital Holdings Inc. (PEW) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIA and PEW?
Across a 3-year window, the weekly returns of CIA and PEW correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -637.2 %².
PEW is close to the least connected end of CIA's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months CIA outperformed by 29.0 percentage points (-28.1% for CIA against -57.1% for PEW).
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.
CIA vs PEW: side by side
| CIA (Citizens, Inc.) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | -28.1% | -57.1% |
| 5-year return | -33.4% | n/a |
| Volatility (ann.) | 55.3% | 51.2% |
| Beta vs S&P 500 | 0.92 | 0.44 |
| Max drawdown (3Y) | -47.5% | -86.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIA | PEW |
|---|---|---|
| 2022 | -59.9% | – |
| 2023 | +26.3% | – |
| 2024 | +49.1% | – |
| 2025 | +20.4% | -74.4% |
| 2026 | -18.8% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIA and PEW good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CIA and PEW?
As of 2026-08-27, the correlation of weekly returns between CIA and PEW is -0.21 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is PEW a good diversifier for CIA?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/cia-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cia-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIA correlations · PEW correlations
