FEED vs PFSI: Correlation
ENvue Medical, Inc. (FEED) and PennyMac Financial Services, Inc. (PFSI) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and PFSI?
On 3 years of weekly data the FEED/PFSI correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.59) runs below the 3-year figure (-0.37). The 5-year figure is -0.21, and annualized covariance runs at -2694.6 %².
PFSI is close to the least connected end of FEED's tracked universe, ranking #17 of 17. Their recent paths diverged sharply: over the last 12 months PFSI outperformed by 62.4 percentage points (-93.7% for FEED against -31.3% for PFSI). Note the risk asymmetry: FEED runs 5.9 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.
FEED vs PFSI: side by side
| FEED (ENvue Medical, Inc.) | PFSI (PennyMac Financial Services, Inc.) | |
|---|---|---|
| 1-year return | -93.7% | -31.3% |
| 5-year return | -100.0% | +17.5% |
| Volatility (ann.) | 207.5% | 34.9% |
| Beta vs S&P 500 | 2.43 | 0.57 |
| Max drawdown (3Y) | -99.9% | -53.8% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 10.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEED | PFSI |
|---|---|---|
| 2022 | -75.8% | -17.6% |
| 2023 | -77.2% | +57.8% |
| 2024 | -48.7% | +16.8% |
| 2025 | -96.4% | +30.5% |
| 2026 | -84.1% | -43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and PFSI good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between FEED and PFSI?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.59 over the last year and -0.21 over 5 years.
Is PFSI a good diversifier for FEED?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/feed-vs-pfsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/feed-vs-pfsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FEED correlations · PFSI correlations
