NEUP vs PCN: Correlation
Measured on weekly returns over the past three years, Neuphoria Therapeutics Inc. (NEUP) and Pimco Corporate & Income Strategy Fund (PCN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEUP and PCN?
Across a 3-year window, the weekly returns of NEUP and PCN correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.24). Stretching to 5 years gives -0.12, with an annualized covariance of -558.0 %².
Among the 11 assets we track against NEUP, PCN sits near the bottom by co-movement, at rank #9. The last year tells two different stories: PCN led by 64.2 percentage points, -63.1% for NEUP against +1.1% for PCN. Risk is not evenly split, since NEUP carries 10.5 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.
NEUP vs PCN: side by side
| NEUP (Neuphoria Therapeutics Inc.) | PCN (Pimco Corporate & Income Strategy Fund) | |
|---|---|---|
| 1-year return | -63.1% | +1.1% |
| 5-year return | -97.9% | +8.7% |
| Volatility (ann.) | 155.4% | 14.8% |
| Beta vs S&P 500 | 1.23 | 0.48 |
| Max drawdown (3Y) | -95.7% | -22.0% |
| Market cap | – | – |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 11.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEUP | PCN |
|---|---|---|
| 2022 | -62.9% | -22.9% |
| 2023 | -68.2% | +16.3% |
| 2024 | -80.7% | +19.6% |
| 2025 | +13.1% | +5.6% |
| 2026 | -2.8% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEUP and PCN good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NEUP and PCN?
The NEUP/PCN correlation stands at -0.24 on a 3-year window (1 year: 0.01, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PCN a good diversifier for NEUP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/neup-vs-pcn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/neup-vs-pcn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEUP correlations · PCN correlations
