PBHC vs VSME: Correlation
How closely do Pathfinder Bancorp, Inc. (PBHC) and VS Media Holdings Limited - Class A (VSME) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBHC and VSME?
Across a 3-year window, the weekly returns of PBHC and VSME correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.40 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 2303.6 %².
Few assets follow PBHC as closely as VSME, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with PBHC ahead by 109.3 points (+12.4% versus -96.9%). Note the risk asymmetry: VSME runs 7.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VSME: side by side
| PBHC (Pathfinder Bancorp, Inc.) | VSME (VS Media Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +12.4% | -96.9% |
| 5-year return | +13.4% | n/a |
| Volatility (ann.) | 27.4% | 209.9% |
| Beta vs S&P 500 | -0.02 | 2.59 |
| Max drawdown (3Y) | -33.6% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 1632.0 | – |
| Dividend yield | 2.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBHC | VSME |
|---|---|---|
| 2022 | +13.5% | – |
| 2023 | -25.1% | – |
| 2024 | +28.5% | -50.9% |
| 2025 | -17.3% | -92.2% |
| 2026 | +18.1% | -46.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBHC and VSME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PBHC and VSME?
As of 2026-08-27, the correlation of weekly returns between PBHC and VSME is 0.40 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is VSME a good diversifier for PBHC?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/pbhc-vs-vsme.json
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[](https://www.pairbook.io/pair/pbhc-vs-vsme/)
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Related comparisons
Hubs: PBHC correlations · VSME correlations
