PDSB vs RGT: Correlation
Measured on weekly returns over the past three years, PDS Biotechnology Corporation (PDSB) and Royce Global Trust, Inc. (RGT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDSB and RGT?
Across a 3-year window, the weekly returns of PDSB and RGT correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 727.7 %².
By 3-year correlation, RGT places #5 of the 10 assets tracked against PDSB. The last year tells two different stories: RGT led by 107.1 percentage points, -83.0% for PDSB against +24.1% for RGT. Risk is not evenly split, since PDSB carries 5.7 times the volatility of the other side.
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.
PDSB vs RGT: side by side
| PDSB (PDS Biotechnology Corporation) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | +24.1% |
| 5-year return | -98.5% | +25.5% |
| Volatility (ann.) | 97.2% | 17.0% |
| Beta vs S&P 500 | 2.90 | 0.91 |
| Max drawdown (3Y) | -96.9% | -19.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDSB | RGT |
|---|---|---|
| 2022 | +63.0% | -33.1% |
| 2023 | -62.3% | +14.6% |
| 2024 | -67.2% | +14.4% |
| 2025 | -52.8% | +24.1% |
| 2026 | -71.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDSB and RGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PDSB and RGT?
The PDSB/RGT correlation stands at 0.44 on a 3-year window (1 year: 0.44, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is RGT a good diversifier for PDSB?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PDSB correlations · RGT correlations
