CLPS vs PACS: Correlation
How closely do CLPS Incorporation (CLPS) and PACS Group, Inc. (PACS) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPS and PACS?
Over the past 3 years, CLPS and PACS moved with a correlation of 0.28, which is weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.28 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1941.7 %².
PACS is one of the assets that tracks CLPS most closely: it ranks #3 out of the 10 assets we track against CLPS. The last year tells two different stories: PACS led by 270.1 percentage points, +2.9% for CLPS against +273.0% for PACS. One caveat on sizing: PACS is 2.2 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.
CLPS vs PACS: side by side
| CLPS (CLPS Incorporation) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +273.0% |
| 5-year return | -61.2% | n/a |
| Volatility (ann.) | 56.0% | 120.5% |
| Beta vs S&P 500 | 0.17 | 0.06 |
| Max drawdown (3Y) | -50.4% | -82.0% |
| Market cap | – | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPS | PACS |
|---|---|---|
| 2022 | -40.3% | – |
| 2023 | +0.7% | – |
| 2024 | +22.7% | – |
| 2025 | -31.4% | +192.8% |
| 2026 | +33.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPS and PACS good diversifiers for each other?
Reasonably. At 0.28, CLPS and PACS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLPS and PACS?
The CLPS/PACS correlation stands at 0.28 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PACS a good diversifier for CLPS?
Reasonably. At 0.28, CLPS and PACS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clps-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clps-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPS correlations · PACS correlations
