HBM vs PBK: Correlation
How closely do Hudbay Minerals Inc. (HBM) and PowerBank Corporation (PBK) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBM and PBK?
Across a 3-year window, the weekly returns of HBM and PBK correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1826.9 %².
Among the 19 assets we track against HBM, PBK sits near the bottom by co-movement, at rank #15. The last year tells two different stories: HBM led by 240.8 percentage points, +162.1% for HBM against -78.7% for PBK. Risk is not evenly split, since PBK carries 1.8 times the volatility of the other side.
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.
HBM vs PBK: side by side
| HBM (Hudbay Minerals Inc.) | PBK (PowerBank Corporation) | |
|---|---|---|
| 1-year return | +162.1% | -78.7% |
| 5-year return | +401.3% | n/a |
| Volatility (ann.) | 53.7% | 96.0% |
| Beta vs S&P 500 | 1.73 | 0.19 |
| Max drawdown (3Y) | -41.1% | -93.7% |
| Market cap | $13.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBM | PBK |
|---|---|---|
| 2022 | -29.9% | – |
| 2023 | +9.2% | – |
| 2024 | +47.0% | – |
| 2025 | +145.3% | -11.7% |
| 2026 | +53.0% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBM and PBK good diversifiers for each other?
Reasonably. At 0.34, HBM and PBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HBM and PBK?
The HBM/PBK correlation stands at 0.34 on a 3-year window (1 year: 0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PBK a good diversifier for HBM?
Reasonably. At 0.34, HBM and PBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/hbm-vs-pbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hbm-vs-pbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HBM correlations · PBK correlations
