PBHC vs PRQR: Correlation
How closely do Pathfinder Bancorp, Inc. (PBHC) and ProQR Therapeutics N.V. (PRQR) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBHC and PRQR?
Over the past 3 years, PBHC and PRQR moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.39 over 3 years. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 1127.4 %².
Few assets follow PBHC as closely as PRQR, which ranks #3 of 14 tracked partners. On 12-month performance PBHC holds a 7.4-point edge, +12.4% against +5.0%. One caveat on sizing: PRQR is 3.8 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.
PBHC vs PRQR: side by side
| PBHC (Pathfinder Bancorp, Inc.) | PRQR (ProQR Therapeutics N.V.) | |
|---|---|---|
| 1-year return | +12.4% | +5.0% |
| 5-year return | +13.4% | -64.2% |
| Volatility (ann.) | 27.4% | 104.9% |
| Beta vs S&P 500 | -0.02 | 1.98 |
| Max drawdown (3Y) | -33.6% | -75.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 1632.0 | – |
| Dividend yield | 2.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBHC | PRQR |
|---|---|---|
| 2022 | +13.5% | -53.8% |
| 2023 | -25.1% | -46.5% |
| 2024 | +28.5% | +33.8% |
| 2025 | -17.3% | -23.8% |
| 2026 | +18.1% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBHC and PRQR good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PBHC and PRQR?
As of 2026-08-27, the correlation of weekly returns between PBHC and PRQR is 0.39 over 3 years, 0.29 over 1 year and 0.22 over 5 years.
Is PRQR a good diversifier for PBHC?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/pbhc-vs-prqr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbhc-vs-prqr/)
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Related comparisons
Hubs: PBHC correlations · PRQR correlations
