EPOW vs PEPG: Correlation
How closely do E-Power Inc. - Class A (EPOW) and PepGen Inc. (PEPG) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPOW and PEPG?
Across a 3-year window, the weekly returns of EPOW and PEPG correlate at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.33). Stretching to 5 years gives 0.28, with an annualized covariance of 4171.9 %².
Few assets follow EPOW as closely as PEPG, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with PEPG ahead by 197.5 points (-49.9% versus +147.6%). Note the risk asymmetry: PEPG runs 2.2 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.
EPOW vs PEPG: side by side
| EPOW (E-Power Inc. - Class A) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | -49.9% | +147.6% |
| 5-year return | -81.9% | -76.2% |
| Volatility (ann.) | 75.1% | 168.3% |
| Beta vs S&P 500 | 0.06 | 1.20 |
| Max drawdown (3Y) | -80.3% | -94.6% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPOW | PEPG |
|---|---|---|
| 2022 | +135.3% | – |
| 2023 | -60.4% | -49.1% |
| 2024 | -20.0% | -44.3% |
| 2025 | +13.4% | +71.8% |
| 2026 | -54.3% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPOW and PEPG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EPOW and PEPG?
As of 2026-08-27, the correlation of weekly returns between EPOW and PEPG is 0.33 over 3 years, 0.60 over 1 year and 0.28 over 5 years.
Is PEPG a good diversifier for EPOW?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EPOW correlations · PEPG correlations
