FTCI vs PCT: Correlation
How closely do FTC Solar, Inc. (FTCI) and PureCycle Technologies, Inc. (PCT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTCI and PCT?
Across a 3-year window, the weekly returns of FTCI and PCT correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.44, with an annualized covariance of 6231.8 %².
Few assets follow FTCI as closely as PCT, which ranks #1 of 12 tracked partners. Over the last 12 months PCT came out ahead by 7.2 percentage points (-62.4% against -55.2%).
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.
FTCI vs PCT: side by side
| FTCI (FTC Solar, Inc.) | PCT (PureCycle Technologies, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -55.2% |
| 5-year return | -97.8% | -52.3% |
| Volatility (ann.) | 122.6% | 98.0% |
| Beta vs S&P 500 | 2.61 | 2.42 |
| Max drawdown (3Y) | -90.4% | -74.2% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTCI | PCT |
|---|---|---|
| 2022 | -64.6% | -29.4% |
| 2023 | -74.1% | -40.1% |
| 2024 | -20.5% | +153.1% |
| 2025 | +98.0% | -16.2% |
| 2026 | -77.7% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTCI and PCT good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTCI and PCT?
As of 2026-08-27, the correlation of weekly returns between FTCI and PCT is 0.52 over 3 years, 0.28 over 1 year and 0.44 over 5 years.
Is PCT a good diversifier for FTCI?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/ftci-vs-pct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftci-vs-pct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTCI correlations · PCT correlations
