METC vs PACS: Correlation
How closely do Ramaco Resources, Inc. (METC) and PACS Group, Inc. (PACS) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METC and PACS?
Over the past 3 years, METC and PACS moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.21 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2135.8 %².
Out of 13 assets tracked against METC, PACS lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months PACS outperformed by 318.1 percentage points (-45.1% for METC against +273.0% for PACS).
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.
METC vs PACS: side by side
| METC (Ramaco Resources, Inc.) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | -45.1% | +273.0% |
| 5-year return | +83.2% | n/a |
| Volatility (ann.) | 86.1% | 120.5% |
| Beta vs S&P 500 | 1.13 | 0.06 |
| Max drawdown (3Y) | -83.7% | -82.0% |
| Market cap | $0.9B | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | METC | PACS |
|---|---|---|
| 2022 | -33.0% | – |
| 2023 | +105.9% | – |
| 2024 | -37.9% | – |
| 2025 | +77.9% | +192.8% |
| 2026 | -22.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METC and PACS good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between METC and PACS?
As of 2026-08-27, the correlation of weekly returns between METC and PACS is -0.21 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is PACS a good diversifier for METC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/metc-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/metc-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: METC correlations · PACS correlations
