PACS vs SPPL: Correlation
How closely do PACS Group, Inc. (PACS) and SIMPPLE LTD. (SPPL) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and SPPL?
Across a 3-year window, the weekly returns of PACS and SPPL correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -6028.5 %².
Out of 35 assets tracked against PACS, SPPL lands near the bottom at #31. The last year tells two different stories: PACS led by 304.0 percentage points, +273.0% for PACS against -31.0% for SPPL.
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.
PACS vs SPPL: side by side
| PACS (PACS Group, Inc.) | SPPL (SIMPPLE LTD.) | |
|---|---|---|
| 1-year return | +273.0% | -31.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 120.5% | 172.3% |
| Beta vs S&P 500 | 0.06 | 3.00 |
| Max drawdown (3Y) | -82.0% | -97.6% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACS | SPPL |
|---|---|---|
| 2024 | – | -83.1% |
| 2025 | +192.8% | -46.9% |
| 2026 | +15.2% | -49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and SPPL good diversifiers for each other?
Yes. With a correlation of -0.29, PACS and SPPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PACS and SPPL?
As of 2026-08-27, the correlation of weekly returns between PACS and SPPL is -0.29 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is SPPL a good diversifier for PACS?
Yes. With a correlation of -0.29, PACS and SPPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
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Related comparisons
Hubs: PACS correlations · SPPL correlations
