DMC vs PPC: Correlation
Measured on weekly returns over the past three years, Del Monte Corporation (DMC) and Pilgrim's Pride Corporation (PPC) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and PPC?
Across a 3-year window, the weekly returns of DMC and PPC correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 265.4 %².
Within DMC's tracked universe of 17 assets, PPC comes in at #4 by 3-year correlation. The last year tells two different stories: DMC led by 19.7 percentage points, -11.1% for DMC against -30.8% for PPC.
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.
DMC vs PPC: side by side
| DMC (Del Monte Corporation) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -11.1% | -30.8% |
| 5-year return | +13.3% | +32.4% |
| Volatility (ann.) | 25.4% | 30.3% |
| Beta vs S&P 500 | -0.11 | -0.17 |
| Max drawdown (3Y) | -36.5% | -49.2% |
| Market cap | $1.5B | $7.4B |
| P/E (trailing) | 44.2 | 13.6 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMC | PPC |
|---|---|---|
| 2022 | -3.0% | -15.9% |
| 2023 | +3.1% | +16.6% |
| 2024 | +31.3% | +64.1% |
| 2025 | +11.1% | +1.4% |
| 2026 | -9.6% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and PPC good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DMC and PPC?
As of 2026-08-27, the correlation of weekly returns between DMC and PPC is 0.35 over 3 years, 0.38 over 1 year and 0.29 over 5 years.
Is PPC a good diversifier for DMC?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dmc-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmc-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DMC correlations · PPC correlations
