ELAB vs GENK: Correlation
Measured on weekly returns over the past three years, PMGC Holdings Inc. (ELAB) and GEN Restaurant Group, Inc. (GENK) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and GENK?
On 3 years of weekly data the ELAB/GENK correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2594.6 %².
Among the 20 assets we track against ELAB, GENK ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GENK outperformed by 57.6 percentage points (-99.7% for ELAB against -42.1% for GENK). One caveat on sizing: ELAB is 2.9 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.
ELAB vs GENK: side by side
| ELAB (PMGC Holdings Inc.) | GENK (GEN Restaurant Group, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | -42.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 195.6% | 67.5% |
| Beta vs S&P 500 | 2.50 | 1.01 |
| Max drawdown (3Y) | -100.0% | -91.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | GENK |
|---|---|---|
| 2024 | -99.4% | -4.5% |
| 2025 | -97.4% | -71.6% |
| 2026 | -98.4% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and GENK good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELAB and GENK?
As of 2026-08-27, the correlation of weekly returns between ELAB and GENK is -0.20 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is GENK a good diversifier for ELAB?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
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Related comparisons
Hubs: ELAB correlations · GENK correlations
