EPC vs PIII: Correlation
How closely do Edgewell Personal Care Company (EPC) and P3 Health Partners Inc. (PIII) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPC and PIII?
Over the past 3 years, EPC and PIII moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.28). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1616.0 %².
Out of 18 assets tracked against EPC, PIII lands near the bottom at #17. Over the last 12 months EPC came out ahead by 6.0 percentage points (+25.6% against +19.6%). One caveat on sizing: PIII is 4.1 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.
EPC vs PIII: side by side
| EPC (Edgewell Personal Care Company) | PIII (P3 Health Partners Inc.) | |
|---|---|---|
| 1-year return | +25.6% | +19.6% |
| 5-year return | -25.7% | -98.1% |
| Volatility (ann.) | 37.3% | 154.4% |
| Beta vs S&P 500 | 0.41 | 0.52 |
| Max drawdown (3Y) | -60.1% | -98.9% |
| Market cap | $1.3B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPC | PIII |
|---|---|---|
| 2022 | -14.3% | -73.9% |
| 2023 | -3.5% | -23.4% |
| 2024 | -6.8% | -84.0% |
| 2025 | -47.9% | -69.0% |
| 2026 | +70.6% | +169.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPC and PIII good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EPC and PIII?
As of 2026-08-27, the correlation of weekly returns between EPC and PIII is -0.28 over 3 years, -0.47 over 1 year and -0.16 over 5 years.
Is PIII a good diversifier for EPC?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epc-vs-piii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/epc-vs-piii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPC correlations · PIII correlations
