PAM vs SVV: Correlation
How closely do Pampa Energia S.A. (PAM) and Savers Value Village, Inc. (SVV) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAM and SVV?
On 3 years of weekly data the PAM/SVV correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.21). The 5-year figure is n/a, and annualized covariance runs at -516.1 %².
By 3-year correlation, SVV places #15 of the 21 assets tracked against PAM. The last year tells two different stories: PAM led by 31.8 percentage points, +22.4% for PAM against -9.4% for SVV.
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.
PAM vs SVV: side by side
| PAM (Pampa Energia S.A.) | SVV (Savers Value Village, Inc.) | |
|---|---|---|
| 1-year return | +22.4% | -9.4% |
| 5-year return | +339.3% | n/a |
| Volatility (ann.) | 45.3% | 55.5% |
| Beta vs S&P 500 | 0.38 | 0.87 |
| Max drawdown (3Y) | -40.4% | -73.6% |
| Market cap | $4.3B | $1.6B |
| P/E (trailing) | 7.3 | 70.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAM | SVV |
|---|---|---|
| 2022 | +51.3% | – |
| 2023 | +55.0% | – |
| 2024 | +77.6% | -41.0% |
| 2025 | +0.6% | -8.9% |
| 2026 | -8.3% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAM and SVV good diversifiers for each other?
Yes. With a correlation of -0.21, PAM and SVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAM and SVV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is SVV a good diversifier for PAM?
Yes. With a correlation of -0.21, PAM and SVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/pam-vs-svv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pam-vs-svv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAM correlations · SVV correlations
