FRGT vs PPC: Correlation
Freight Technologies, Inc. (FRGT) and Pilgrim's Pride Corporation (PPC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRGT and PPC?
Across a 3-year window, the weekly returns of FRGT and PPC correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.20 over 3 years. Stretching to 5 years gives -0.05, with an annualized covariance of -730.2 %².
Out of 11 assets tracked against FRGT, PPC lands near the bottom at #10. The last year tells two different stories: PPC led by 64.6 percentage points, -95.4% for FRGT against -30.8% for PPC. Note the risk asymmetry: FRGT runs 3.9 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.
FRGT vs PPC: side by side
| FRGT (Freight Technologies, Inc.) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -95.4% | -30.8% |
| 5-year return | -100.0% | +32.4% |
| Volatility (ann.) | 119.4% | 30.3% |
| Beta vs S&P 500 | 1.68 | -0.17 |
| Max drawdown (3Y) | -100.0% | -49.2% |
| Market cap | – | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRGT | PPC |
|---|---|---|
| 2022 | -96.2% | -15.9% |
| 2023 | -85.3% | +16.6% |
| 2024 | -97.8% | +64.1% |
| 2025 | -95.6% | +1.4% |
| 2026 | -82.3% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRGT and PPC good diversifiers for each other?
Yes. With a correlation of -0.20, FRGT and PPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FRGT and PPC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.03 over the last year and -0.05 over 5 years.
Is PPC a good diversifier for FRGT?
Yes. With a correlation of -0.20, FRGT and PPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frgt-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frgt-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRGT correlations · PPC correlations
