EVC vs PGNY: Correlation
How closely do Entravision Communications Corporation (EVC) and Progyny, Inc. (PGNY) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and PGNY?
Over the past 3 years, EVC and PGNY moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1724.4 %².
Within EVC's tracked universe of 19 assets, PGNY comes in at #6 by 3-year correlation. The last year tells two different stories: EVC led by 219.8 percentage points, +232.1% for EVC against +12.3% for PGNY. Note the risk asymmetry: EVC runs 1.7 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.
EVC vs PGNY: side by side
| EVC (Entravision Communications Corporation) | PGNY (Progyny, Inc.) | |
|---|---|---|
| 1-year return | +232.1% | +12.3% |
| 5-year return | +53.1% | -53.1% |
| Volatility (ann.) | 82.5% | 48.9% |
| Beta vs S&P 500 | 0.94 | 0.64 |
| Max drawdown (3Y) | -67.4% | -67.2% |
| Market cap | $0.7B | $2.0B |
| P/E (trailing) | 404.5 | 28.1 |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | PGNY |
|---|---|---|
| 2022 | -27.8% | -38.1% |
| 2023 | -9.2% | +19.4% |
| 2024 | -37.6% | -53.6% |
| 2025 | +35.8% | +48.9% |
| 2026 | +182.3% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and PGNY good diversifiers for each other?
Reasonably. At 0.43, EVC and PGNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVC and PGNY?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.70 over the last year and 0.37 over 5 years.
Is PGNY a good diversifier for EVC?
Reasonably. At 0.43, EVC and PGNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: EVC correlations · PGNY correlations
