INAB vs PDCC: Correlation
IN8bio, Inc. (INAB) and Pearl Diver Credit Company Inc. (PDCC) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INAB and PDCC?
Across a 3-year window, the weekly returns of INAB and PDCC correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -732.7 %².
Among the 12 assets we track against INAB, PDCC sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months PDCC outperformed by 16.4 percentage points (-54.4% for INAB against -38.0% for PDCC). One caveat on sizing: INAB is 4.3 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.
INAB vs PDCC: side by side
| INAB (IN8bio, Inc.) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | -54.4% | -38.0% |
| 5-year return | -99.5% | n/a |
| Volatility (ann.) | 113.3% | 26.4% |
| Beta vs S&P 500 | 1.67 | 0.17 |
| Max drawdown (3Y) | -98.6% | -47.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | PDCC |
|---|---|---|
| 2022 | -47.4% | – |
| 2023 | -40.3% | – |
| 2024 | -81.4% | – |
| 2025 | -69.6% | -20.9% |
| 2026 | -55.6% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and PDCC 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 INAB and PDCC?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is PDCC a good diversifier for INAB?
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?
A reading of -0.27 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/inab-vs-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inab-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INAB correlations · PDCC correlations
