IFF vs PED: Correlation
International Flavors & Fragrances (IFF) and Pedevco Corp. (PED) 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 IFF and PED?
On 3 years of weekly data the IFF/PED correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.20). The 5-year figure is -0.02, and annualized covariance runs at -323.8 %².
Among the 32 assets we track against IFF, PED sits near the bottom by co-movement, at rank #28. Their recent paths diverged sharply: over the last 12 months IFF outperformed by 20.1 percentage points (+33.2% for IFF against +13.1% for PED). One caveat on sizing: PED is 1.8 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.
IFF vs PED: side by side
| IFF (International Flavors & Fragrances) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | +33.2% | +13.1% |
| 5-year return | -34.3% | -39.7% |
| Volatility (ann.) | 29.5% | 54.0% |
| Beta vs S&P 500 | 0.69 | -0.28 |
| Max drawdown (3Y) | -42.6% | -58.3% |
| Market cap | $22.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 1.84% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | IFF | PED |
|---|---|---|
| 2022 | -28.3% | +3.8% |
| 2023 | -19.5% | -30.0% |
| 2024 | +6.3% | +1.0% |
| 2025 | -18.4% | -28.0% |
| 2026 | +30.3% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFF and PED good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between IFF and PED?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.43 over the last year and -0.02 over 5 years.
Is PED a good diversifier for IFF?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iff-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iff-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IFF correlations · PED correlations
