ELAB vs PBH: Correlation
How closely do PMGC Holdings Inc. (ELAB) and Prestige Consumer Healthcare Inc. (PBH) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and PBH?
Over the past 3 years, ELAB and PBH moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1307.5 %².
By 3-year correlation, PBH places #14 of the 20 assets tracked against ELAB. Correlation aside, the last 12 months split them widely, with PBH ahead by 76.2 points (-99.7% versus -23.5%). Risk is not evenly split, since ELAB carries 7.5 times the volatility of the other side.
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 PBH: side by side
| ELAB (PMGC Holdings Inc.) | PBH (Prestige Consumer Healthcare Inc.) | |
|---|---|---|
| 1-year return | -99.7% | -23.5% |
| 5-year return | n/a | -10.4% |
| Volatility (ann.) | 195.6% | 26.1% |
| Beta vs S&P 500 | 2.50 | 0.33 |
| Max drawdown (3Y) | -100.0% | -49.0% |
| Market cap | – | $2.4B |
| P/E (trailing) | – | 14.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | PBH |
|---|---|---|
| 2022 | – | +3.2% |
| 2023 | – | -2.2% |
| 2024 | -99.4% | +27.6% |
| 2025 | -97.4% | -21.0% |
| 2026 | -98.4% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and PBH good diversifiers for each other?
Yes. With a correlation of -0.25, ELAB and PBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ELAB and PBH?
As of 2026-08-27, the correlation of weekly returns between ELAB and PBH is -0.25 over 3 years, -0.42 over 1 year and n/a over 5 years.
Is PBH a good diversifier for ELAB?
Yes. With a correlation of -0.25, ELAB and PBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/elab-vs-pbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elab-vs-pbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELAB correlations · PBH correlations
