DOUG vs PCB: Correlation
How closely do Douglas Elliman Inc. (DOUG) and PCB Bancorp (PCB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOUG and PCB?
On 3 years of weekly data the DOUG/PCB correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.44). The 5-year figure is 0.38, and annualized covariance runs at 873.8 %².
In DOUG's tracked universe of 13 assets, PCB sits right near the top at #2. Correlation aside, the last 12 months split them widely, with PCB ahead by 59.2 points (-30.1% versus +29.1%). Note the risk asymmetry: DOUG runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DOUG vs PCB: side by side
| DOUG (Douglas Elliman Inc.) | PCB (PCB Bancorp) | |
|---|---|---|
| 1-year return | -30.1% | +29.1% |
| 5-year return | -83.0% | +74.8% |
| Volatility (ann.) | 76.4% | 26.3% |
| Beta vs S&P 500 | 0.95 | 0.69 |
| Max drawdown (3Y) | -66.5% | -22.8% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | 6.4 | 9.5 |
| Dividend yield | 0.00% | 3.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOUG | PCB |
|---|---|---|
| 2022 | -63.2% | -17.0% |
| 2023 | -22.6% | +8.9% |
| 2024 | -43.4% | +14.6% |
| 2025 | +41.9% | +11.2% |
| 2026 | -21.5% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOUG and PCB good diversifiers for each other?
Reasonably. At 0.44, DOUG and PCB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOUG and PCB?
The DOUG/PCB correlation stands at 0.44 on a 3-year window (1 year: 0.55, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is PCB a good diversifier for DOUG?
Reasonably. At 0.44, DOUG and PCB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/doug-vs-pcb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/doug-vs-pcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOUG correlations · PCB correlations
