DLR vs PPCB: Correlation
Measured on weekly returns over the past three years, Digital Realty (DLR) and Propanc Biopharma, Inc. (PPCB) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and PPCB?
Across a 3-year window, the weekly returns of DLR and PPCB correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.21). Stretching to 5 years gives -0.14, with an annualized covariance of -5360771.6 %².
PPCB is close to the least connected end of DLR's tracked universe, ranking #26 of 30. Correlation aside, the last 12 months split them widely, with DLR ahead by 113.4 points (+16.4% versus -97.0%). One caveat on sizing: PPCB is 35505.3 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.
DLR vs PPCB: side by side
| DLR (Digital Realty) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | -97.0% |
| 5-year return | +40.3% | -99.9% |
| Volatility (ann.) | 27.1% | 962193.8% |
| Beta vs S&P 500 | 0.73 | -3746.20 |
| Max drawdown (3Y) | -29.4% | -99.8% |
| Market cap | $72.5B | – |
| P/E (trailing) | 94.2 | 0.0 |
| Dividend yield | 2.52% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DLR | PPCB |
|---|---|---|
| 2022 | -41.0% | -98.6% |
| 2023 | +39.9% | -98.0% |
| 2024 | +35.9% | -98.3% |
| 2025 | -10.1% | +134050.0% |
| 2026 | +25.8% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and PPCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between DLR and PPCB?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.06 over the last year and -0.14 over 5 years.
Is PPCB a good diversifier for DLR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
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/dlr-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dlr-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLR correlations · PPCB correlations
