ELAB vs FC: Correlation
Measured on weekly returns over the past three years, PMGC Holdings Inc. (ELAB) and Franklin Covey Company (FC) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and FC?
On 3 years of weekly data the ELAB/FC correlation comes out at 0.40, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.40). The 5-year figure is n/a, and annualized covariance runs at 4216.4 %².
Few assets follow ELAB as closely as FC, which ranks #3 of 20 tracked partners. The last year tells two different stories: FC led by 103.1 percentage points, -99.7% for ELAB against +3.4% for FC. Note the risk asymmetry: ELAB runs 3.8 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.
ELAB vs FC: side by side
| ELAB (PMGC Holdings Inc.) | FC (Franklin Covey Company) | |
|---|---|---|
| 1-year return | -99.7% | +3.4% |
| 5-year return | n/a | -52.7% |
| Volatility (ann.) | 195.6% | 52.1% |
| Beta vs S&P 500 | 2.50 | 1.11 |
| Max drawdown (3Y) | -100.0% | -74.0% |
| Market cap | – | – |
| P/E (trailing) | – | 135.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | FC |
|---|---|---|
| 2022 | – | +0.9% |
| 2023 | – | -6.9% |
| 2024 | -99.4% | -13.7% |
| 2025 | -97.4% | -55.3% |
| 2026 | -98.4% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and FC good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELAB and FC?
As of 2026-08-27, the correlation of weekly returns between ELAB and FC is 0.40 over 3 years, 0.55 over 1 year and n/a over 5 years.
Is FC a good diversifier for ELAB?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/elab-vs-fc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elab-vs-fc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELAB correlations · FC correlations
