PAPL vs PLD: Correlation
Measured on weekly returns over the past three years, Pineapple Financial Inc. (PAPL) and Prologis (PLD) 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 PAPL and PLD?
Across a 3-year window, the weekly returns of PAPL and PLD correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1003.1 %².
Among the 51 assets we track against PAPL, PLD ranks #35 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 100.7 percentage points (-70.7% for PAPL against +30.0% for PLD). One caveat on sizing: PAPL is 7.0 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.
PAPL vs PLD: side by side
| PAPL (Pineapple Financial Inc.) | PLD (Prologis) | |
|---|---|---|
| 1-year return | -70.7% | +30.0% |
| 5-year return | n/a | +22.5% |
| Volatility (ann.) | 181.2% | 25.8% |
| Beta vs S&P 500 | -0.73 | 0.90 |
| Max drawdown (3Y) | -99.4% | -31.4% |
| Market cap | – | $137.9B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 2.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | PAPL | PLD |
|---|---|---|
| 2022 | – | -31.3% |
| 2023 | – | +21.6% |
| 2024 | -74.7% | -18.1% |
| 2025 | -84.4% | +25.1% |
| 2026 | -25.5% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and PLD good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PAPL and PLD?
As of 2026-08-27, the correlation of weekly returns between PAPL and PLD is -0.22 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is PLD a good diversifier for PAPL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/papl-vs-pld.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: PAPL correlations · PLD correlations
