PAX vs VINP: Correlation
How closely do Patria Investments Limited - Class A (PAX) and Vinci Compass Investments Ltd. - Class A (VINP) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAX and VINP?
On 3 years of weekly data the PAX/VINP correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.61 over 3. The 5-year figure is 0.49, and annualized covariance runs at 431.3 %².
In PAX's tracked universe of 17 assets, VINP sits right near the top at #2. Over the last 12 months VINP came out ahead by 10.4 percentage points (-8.8% against +1.6%).
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.
PAX vs VINP: side by side
| PAX (Patria Investments Limited - Class A) | VINP (Vinci Compass Investments Ltd. - Class A) | |
|---|---|---|
| 1-year return | -8.8% | +1.6% |
| 5-year return | -3.0% | -3.1% |
| Volatility (ann.) | 28.8% | 24.6% |
| Beta vs S&P 500 | 0.98 | 0.76 |
| Max drawdown (3Y) | -37.7% | -28.9% |
| Market cap | $1.9B | $0.6B |
| P/E (trailing) | 25.9 | 13.9 |
| Dividend yield | 5.28% | 37.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAX | VINP |
|---|---|---|
| 2022 | -9.9% | -9.3% |
| 2023 | +18.9% | +30.5% |
| 2024 | -20.0% | -1.9% |
| 2025 | +43.1% | +37.4% |
| 2026 | -23.7% | -22.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAX and VINP good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAX and VINP?
The PAX/VINP correlation stands at 0.61 on a 3-year window (1 year: 0.66, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is VINP a good diversifier for PAX?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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/pax-vs-vinp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pax-vs-vinp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAX correlations · VINP correlations
