PDCC vs WMG: Correlation
Pearl Diver Credit Company Inc. (PDCC) and Warner Music Group Corp. (WMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDCC and WMG?
On 3 years of weekly data the PDCC/WMG correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 280.5 %².
By 3-year correlation, WMG places #5 of the 18 assets tracked against PDCC. The last year tells two different stories: WMG led by 23.3 percentage points, -38.0% for PDCC against -14.7% for WMG.
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.
PDCC vs WMG: side by side
| PDCC (Pearl Diver Credit Company Inc.) | WMG (Warner Music Group Corp.) | |
|---|---|---|
| 1-year return | -38.0% | -14.7% |
| 5-year return | n/a | -16.9% |
| Volatility (ann.) | 26.4% | 30.7% |
| Beta vs S&P 500 | 0.17 | 0.91 |
| Max drawdown (3Y) | -47.3% | -33.1% |
| Market cap | $0.1B | $14.7B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 2.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDCC | WMG |
|---|---|---|
| 2022 | – | -17.2% |
| 2023 | – | +4.4% |
| 2024 | – | -11.5% |
| 2025 | -20.9% | +1.4% |
| 2026 | -27.7% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDCC and WMG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PDCC and WMG?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is WMG a good diversifier for PDCC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pdcc-vs-wmg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pdcc-vs-wmg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PDCC correlations · WMG correlations
