PG vs SHMD: Correlation
How closely do Procter & Gamble (PG) and SCHMID Group N.V. - Class A (SHMD) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PG and SHMD?
On 3 years of weekly data the PG/SHMD correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -309.1 %².
Within PG's tracked universe of 30 assets, SHMD comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SHMD outperformed by 34.9 percentage points (-6.1% for PG against +28.8% for SHMD). One caveat on sizing: SHMD is 6.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PG vs SHMD: side by side
| PG (Procter & Gamble) | SHMD (SCHMID Group N.V. - Class A) | |
|---|---|---|
| 1-year return | -6.1% | +28.8% |
| 5-year return | +13.9% | n/a |
| Volatility (ann.) | 15.3% | 96.9% |
| Beta vs S&P 500 | 0.19 | 0.77 |
| Max drawdown (3Y) | -21.2% | -69.6% |
| Market cap | $332.7B | $0.2B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.94% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | PG | SHMD |
|---|---|---|
| 2022 | -5.0% | – |
| 2023 | -0.9% | – |
| 2024 | +17.3% | – |
| 2025 | -12.3% | +101.1% |
| 2026 | +2.1% | -45.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PG and SHMD good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PG and SHMD?
The PG/SHMD correlation stands at -0.20 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHMD a good diversifier for PG?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/pg-vs-shmd.json
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Related comparisons
Hubs: PG correlations · SHMD correlations
