NVDA vs PPCB: Correlation
Measured on weekly returns over the past three years, Nvidia (NVDA) and Propanc Biopharma, Inc. (PPCB) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and PPCB?
On 3 years of weekly data the NVDA/PPCB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.22). The 5-year figure is -0.16, and annualized covariance runs at -9501847.2 %².
Among the 37 assets we track against NVDA, PPCB ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVDA ahead by 122.7 points (+25.7% versus -97.0%). Note the risk asymmetry: PPCB runs 21622.3 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.
NVDA vs PPCB: side by side
| NVDA (Nvidia) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +25.7% | -97.0% |
| 5-year return | +908.3% | -99.9% |
| Volatility (ann.) | 44.5% | 962193.8% |
| Beta vs S&P 500 | 2.18 | -3746.20 |
| Max drawdown (3Y) | -36.9% | -99.8% |
| Market cap | $5,505.0B | – |
| P/E (trailing) | 32.2 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | NVDA | PPCB |
|---|---|---|
| 2022 | -50.3% | -98.6% |
| 2023 | +239.0% | -98.0% |
| 2024 | +171.2% | -98.3% |
| 2025 | +38.9% | +134050.0% |
| 2026 | +22.4% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVDA and PPCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVDA and PPCB?
As of 2026-08-27, the correlation of weekly returns between NVDA and PPCB is -0.22 over 3 years, 0.16 over 1 year and -0.16 over 5 years.
Is PPCB a good diversifier for NVDA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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: NVDA correlations · PPCB correlations
