PGNY vs PZG: Correlation
Progyny, Inc. (PGNY) and Paramount Gold Nevada Corp. (PZG) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGNY and PZG?
Over the past 3 years, PGNY and PZG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -583.3 %².
Out of 12 assets tracked against PGNY, PZG lands near the bottom at #10. The last year tells two different stories: PZG led by 45.6 percentage points, +12.3% for PGNY against +57.9% for PZG.
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.
PGNY vs PZG: side by side
| PGNY (Progyny, Inc.) | PZG (Paramount Gold Nevada Corp.) | |
|---|---|---|
| 1-year return | +12.3% | +57.9% |
| 5-year return | -53.1% | +73.0% |
| Volatility (ann.) | 48.9% | 60.9% |
| Beta vs S&P 500 | 0.64 | 0.50 |
| Max drawdown (3Y) | -67.2% | -60.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | 28.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGNY | PZG |
|---|---|---|
| 2022 | -38.1% | -50.6% |
| 2023 | +19.4% | +8.7% |
| 2024 | -53.6% | -8.8% |
| 2025 | +48.9% | +268.4% |
| 2026 | +0.7% | +19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGNY and PZG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PGNY and PZG?
The PGNY/PZG correlation stands at -0.20 on a 3-year window (1 year: -0.23, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is PZG a good diversifier for PGNY?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
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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Related comparisons
Hubs: PGNY correlations · PZG correlations
