LPA vs PCM: Correlation
Logistic Properties of the Americas (LPA) and PCM Fund, Inc. (PCM) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and PCM?
On 3 years of weekly data the LPA/PCM correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.34). The 5-year figure is n/a, and annualized covariance runs at -2811.0 %².
PCM is close to the least connected end of LPA's tracked universe, ranking #20 of 21. Their recent paths diverged sharply: over the last 12 months PCM outperformed by 49.4 percentage points (-52.3% for LPA against -2.9% for PCM). Note the risk asymmetry: LPA runs 28.5 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.
LPA vs PCM: side by side
| LPA (Logistic Properties of the Americas) | PCM (PCM Fund, Inc.) | |
|---|---|---|
| 1-year return | -52.3% | -2.9% |
| 5-year return | n/a | -19.9% |
| Volatility (ann.) | 540.6% | 19.0% |
| Beta vs S&P 500 | -0.73 | 0.46 |
| Max drawdown (3Y) | -99.1% | -27.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.7 | 9.6 |
| Dividend yield | 0.00% | 14.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPA | PCM |
|---|---|---|
| 2022 | – | -19.7% |
| 2023 | – | +12.4% |
| 2024 | – | +8.8% |
| 2025 | -74.5% | -10.1% |
| 2026 | +12.5% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and PCM good diversifiers for each other?
Yes. With a correlation of -0.34, LPA and PCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LPA and PCM?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is PCM a good diversifier for LPA?
Yes. With a correlation of -0.34, LPA and PCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/lpa-vs-pcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpa-vs-pcm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LPA correlations · PCM correlations
