PEW vs ZCMD: Correlation
How closely do GrabAGun Digital Holdings Inc. (PEW) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEW and ZCMD?
On 3 years of weekly data the PEW/ZCMD correlation comes out at 0.28, weak. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.28). The 5-year figure is n/a, and annualized covariance runs at 2152.8 %².
Among the 24 assets we track against PEW, ZCMD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PEW ahead by 42.8 points (-57.1% versus -99.9%). Note the risk asymmetry: ZCMD runs 2.8 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.
PEW vs ZCMD: side by side
| PEW (GrabAGun Digital Holdings Inc.) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | -57.1% | -99.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 51.2% | 141.8% |
| Beta vs S&P 500 | 0.44 | 0.59 |
| Max drawdown (3Y) | -86.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEW | ZCMD |
|---|---|---|
| 2022 | – | -35.4% |
| 2023 | – | -69.5% |
| 2024 | – | -53.8% |
| 2025 | -74.4% | -72.2% |
| 2026 | -21.6% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEW and ZCMD good diversifiers for each other?
Reasonably. At 0.28, PEW and ZCMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEW and ZCMD?
As of 2026-08-27, the correlation of weekly returns between PEW and ZCMD is 0.28 over 3 years, 0.45 over 1 year and n/a over 5 years.
Is ZCMD a good diversifier for PEW?
Reasonably. At 0.28, PEW and ZCMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/pew-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pew-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEW correlations · ZCMD correlations
