LAC vs PEPG: Correlation
Lithium Americas Corp. (LAC) and PepGen Inc. (PEPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and PEPG?
Across a 3-year window, the weekly returns of LAC and PEPG correlate at 0.38, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 6057.5 %².
By 3-year correlation, PEPG places #12 of the 21 assets tracked against LAC. Correlation aside, the last 12 months split them widely, with PEPG ahead by 141.2 points (+6.4% versus +147.6%). Risk is not evenly split, since PEPG 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.
LAC vs PEPG: side by side
| LAC (Lithium Americas Corp.) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | +6.4% | +147.6% |
| 5-year return | n/a | -76.2% |
| Volatility (ann.) | 93.5% | 168.3% |
| Beta vs S&P 500 | 1.37 | 1.20 |
| Max drawdown (3Y) | -81.8% | -94.6% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | PEPG |
|---|---|---|
| 2023 | – | -49.1% |
| 2024 | -53.6% | -44.3% |
| 2025 | +46.8% | +71.8% |
| 2026 | -27.3% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and PEPG good diversifiers for each other?
Reasonably. At 0.38, LAC and PEPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAC and PEPG?
As of 2026-08-27, the correlation of weekly returns between LAC and PEPG is 0.38 over 3 years, 0.68 over 1 year and n/a over 5 years.
Is PEPG a good diversifier for LAC?
Reasonably. At 0.38, LAC and PEPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: LAC correlations · PEPG correlations
