ELAB vs TAYD: Correlation
Measured on weekly returns over the past three years, PMGC Holdings Inc. (ELAB) and Taylor Devices, Inc. (TAYD) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and TAYD?
On 3 years of weekly data the ELAB/TAYD correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.56 versus -0.25 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -2758.8 %².
Within ELAB's tracked universe of 20 assets, TAYD comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TAYD outperformed by 126.3 percentage points (-99.7% for ELAB against +26.6% for TAYD). Note the risk asymmetry: ELAB runs 3.5 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 TAYD: side by side
| ELAB (PMGC Holdings Inc.) | TAYD (Taylor Devices, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | +26.6% |
| 5-year return | n/a | +405.0% |
| Volatility (ann.) | 195.6% | 55.2% |
| Beta vs S&P 500 | 2.50 | 0.59 |
| Max drawdown (3Y) | -100.0% | -52.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 23.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | TAYD |
|---|---|---|
| 2022 | – | +29.9% |
| 2023 | – | +56.0% |
| 2024 | -99.4% | +88.1% |
| 2025 | -97.4% | +40.5% |
| 2026 | -98.4% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and TAYD good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELAB and TAYD?
The ELAB/TAYD correlation stands at -0.25 on a 3-year window (1 year: -0.56, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TAYD a good diversifier for ELAB?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
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-tayd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elab-vs-tayd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELAB correlations · TAYD correlations
