FEED vs PMT: Correlation
Measured on weekly returns over the past three years, ENvue Medical, Inc. (FEED) and PennyMac Mortgage Investment Trust (PMT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and PMT?
Across a 3-year window, the weekly returns of FEED and PMT correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.07, with an annualized covariance of -1167.9 %².
Within FEED's tracked universe of 17 assets, PMT comes in at #11 by 3-year correlation. The last year tells two different stories: PMT led by 81.9 percentage points, -93.7% for FEED against -11.8% for PMT. One caveat on sizing: FEED is 8.0 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.
FEED vs PMT: side by side
| FEED (ENvue Medical, Inc.) | PMT (PennyMac Mortgage Investment Trust) | |
|---|---|---|
| 1-year return | -93.7% | -11.8% |
| 5-year return | -100.0% | -9.4% |
| Volatility (ann.) | 207.5% | 25.8% |
| Beta vs S&P 500 | 2.43 | 0.49 |
| Max drawdown (3Y) | -99.9% | -28.1% |
| Market cap | – | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 17.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEED | PMT |
|---|---|---|
| 2022 | -75.8% | -18.1% |
| 2023 | -77.2% | +36.1% |
| 2024 | -48.7% | -5.4% |
| 2025 | -96.4% | +13.2% |
| 2026 | -84.1% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and PMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FEED and PMT?
The FEED/PMT correlation stands at -0.22 on a 3-year window (1 year: -0.42, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is PMT a good diversifier for FEED?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/feed-vs-pmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/feed-vs-pmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEED correlations · PMT correlations
