PBM vs ZOOZ: Correlation
How closely do Psyence Biomedical Ltd. (PBM) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBM and ZOOZ?
Over the past 3 years, PBM and ZOOZ moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.49). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 15261.9 %².
ZOOZ is one of the assets that tracks PBM most closely: it ranks #3 out of the 12 assets we track against PBM. Correlation aside, the last 12 months split them widely, with ZOOZ ahead by 17.6 points (-96.5% versus -78.9%). Note the risk asymmetry: PBM runs 1.7 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.
PBM vs ZOOZ: side by side
| PBM (Psyence Biomedical Ltd.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -96.5% | -78.9% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 254.5% | 147.3% |
| Beta vs S&P 500 | 3.60 | 1.83 |
| Max drawdown (3Y) | -100.0% | -93.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBM | ZOOZ |
|---|---|---|
| 2022 | +3.7% | – |
| 2023 | -10.1% | – |
| 2024 | -99.7% | – |
| 2025 | -95.5% | -82.1% |
| 2026 | -85.3% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBM and ZOOZ good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PBM and ZOOZ?
As of 2026-08-27, the correlation of weekly returns between PBM and ZOOZ is 0.49 over 3 years, 0.27 over 1 year and n/a over 5 years.
Is ZOOZ a good diversifier for PBM?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/pbm-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbm-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PBM correlations · ZOOZ correlations
