GURE vs PPL: Correlation
Measured on weekly returns over the past three years, Gulf Resources, Inc. (GURE) and PPL Corporation (PPL) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GURE and PPL?
Across a 3-year window, the weekly returns of GURE and PPL correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.27). Stretching to 5 years gives -0.15, with an annualized covariance of -649.6 %².
Among the 23 assets we track against GURE, PPL sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with PPL ahead by 49.5 points (-52.5% versus -3.0%). Note the risk asymmetry: GURE runs 7.9 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.
GURE vs PPL: side by side
| GURE (Gulf Resources, Inc.) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | -52.5% | -3.0% |
| 5-year return | -92.1% | +41.1% |
| Volatility (ann.) | 137.7% | 17.4% |
| Beta vs S&P 500 | -0.30 | 0.13 |
| Max drawdown (3Y) | -88.1% | -13.3% |
| Market cap | – | $25.9B |
| P/E (trailing) | – | 20.7 |
| Dividend yield | 0.00% | 3.18% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | GURE | PPL |
|---|---|---|
| 2022 | -28.6% | +0.4% |
| 2023 | -46.6% | -3.8% |
| 2024 | -65.5% | +24.0% |
| 2025 | -35.1% | +11.4% |
| 2026 | -7.6% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and PPL good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GURE and PPL?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.43 over the last year and -0.15 over 5 years.
Is PPL a good diversifier for GURE?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/gure-vs-ppl.json
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[](https://www.pairbook.io/pair/gure-vs-ppl/)
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Related comparisons
Hubs: GURE correlations · PPL correlations
