PAVS vs PFG: Correlation
Paranovus Entertainment Technology Ltd. - Class A (PAVS) and Principal Financial Group (PFG) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAVS and PFG?
Across a 3-year window, the weekly returns of PAVS and PFG correlate at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.15 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -472.3 %².
Within PAVS's tracked universe of 13 assets, PFG comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PFG ahead by 143.9 points (-100.0% versus +43.9%). Risk is not evenly split, since PAVS carries 5.8 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.
PAVS vs PFG: side by side
| PAVS (Paranovus Entertainment Technology Ltd. - Class A) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | -100.0% | +43.9% |
| 5-year return | -100.0% | +99.7% |
| Volatility (ann.) | 133.6% | 22.9% |
| Beta vs S&P 500 | 1.06 | 0.88 |
| Max drawdown (3Y) | -100.0% | -22.4% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 16.0 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | PAVS | PFG |
|---|---|---|
| 2022 | -61.1% | +20.1% |
| 2023 | -44.6% | -2.8% |
| 2024 | -44.4% | +1.9% |
| 2025 | -98.7% | +18.4% |
| 2026 | -99.7% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAVS and PFG good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PAVS and PFG?
As of 2026-08-27, the correlation of weekly returns between PAVS and PFG is -0.15 over 3 years, -0.22 over 1 year and -0.10 over 5 years.
Is PFG a good diversifier for PAVS?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
A reading of -0.15 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/pavs-vs-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pavs-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAVS correlations · PFG correlations
