ELAB vs SYY: Correlation
PMGC Holdings Inc. (ELAB) and Sysco (SYY) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and SYY?
On 3 years of weekly data the ELAB/SYY correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.35 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1394.3 %².
Among the 20 assets we track against ELAB, SYY sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with SYY ahead by 105.3 points (-99.7% versus +5.6%). Risk is not evenly split, since ELAB carries 9.6 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 SYY: side by side
| ELAB (PMGC Holdings Inc.) | SYY (Sysco) | |
|---|---|---|
| 1-year return | -99.7% | +5.6% |
| 5-year return | n/a | +19.2% |
| Volatility (ann.) | 195.6% | 20.3% |
| Beta vs S&P 500 | 2.50 | 0.14 |
| Max drawdown (3Y) | -100.0% | -24.0% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ELAB | SYY |
|---|---|---|
| 2022 | – | -0.3% |
| 2023 | – | -1.7% |
| 2024 | -99.4% | +7.4% |
| 2025 | -97.4% | -1.0% |
| 2026 | -98.4% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and SYY good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELAB and SYY?
The ELAB/SYY correlation stands at -0.35 on a 3-year window (1 year: -0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SYY a good diversifier for ELAB?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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
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Related comparisons
Hubs: ELAB correlations · SYY correlations
