PACS vs SWAG: Correlation
How closely do PACS Group, Inc. (PACS) and Stran & Company, Inc. (SWAG) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and SWAG?
Over the past 3 years, PACS and SWAG moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.54) than the 3-year average (-0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2362.7 %².
Among the 35 assets we track against PACS, SWAG sits near the bottom by co-movement, at rank #32. The last year tells two different stories: PACS led by 267.4 percentage points, +273.0% for PACS against +5.6% for SWAG. One caveat on sizing: PACS is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SWAG: side by side
| PACS (PACS Group, Inc.) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | +273.0% | +5.6% |
| 5-year return | n/a | -56.8% |
| Volatility (ann.) | 120.5% | 59.3% |
| Beta vs S&P 500 | 0.06 | 1.00 |
| Max drawdown (3Y) | -82.0% | -56.0% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | 171.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACS | SWAG |
|---|---|---|
| 2022 | – | -77.9% |
| 2023 | – | +10.4% |
| 2024 | – | -39.2% |
| 2025 | +192.8% | +84.4% |
| 2026 | +15.2% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and SWAG good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between PACS and SWAG?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.54 over the last year and n/a over 5 years.
Is SWAG a good diversifier for PACS?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/pacs-vs-swag.json
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Related comparisons
Hubs: PACS correlations · SWAG correlations
