PAGP vs PBK: Correlation
Measured on weekly returns over the past three years, Plains GP Holdings, L.P. - Class A Shares representing (PAGP) and PowerBank Corporation (PBK) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAGP and PBK?
On 3 years of weekly data the PAGP/PBK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.23). The 5-year figure is n/a, and annualized covariance runs at -507.8 %².
Out of 14 assets tracked against PAGP, PBK lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months PAGP outperformed by 137.6 percentage points (+58.9% for PAGP against -78.7% for PBK). Risk is not evenly split, since PBK carries 4.1 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.
PAGP vs PBK: side by side
| PAGP (Plains GP Holdings, L.P. - Class A Shares representing) | PBK (PowerBank Corporation) | |
|---|---|---|
| 1-year return | +58.9% | -78.7% |
| 5-year return | +318.4% | n/a |
| Volatility (ann.) | 23.3% | 96.0% |
| Beta vs S&P 500 | 0.25 | 0.19 |
| Max drawdown (3Y) | -21.0% | -93.7% |
| Market cap | $6.5B | – |
| P/E (trailing) | 80.1 | – |
| Dividend yield | 5.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAGP | PBK |
|---|---|---|
| 2022 | +31.8% | – |
| 2023 | +38.1% | – |
| 2024 | +23.7% | – |
| 2025 | +12.7% | -11.7% |
| 2026 | +54.5% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAGP and PBK good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAGP and PBK?
As of 2026-08-27, the correlation of weekly returns between PAGP and PBK is -0.23 over 3 years, -0.50 over 1 year and n/a over 5 years.
Is PBK a good diversifier for PAGP?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pagp-vs-pbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pagp-vs-pbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAGP correlations · PBK correlations
