PGY vs TEM: Correlation
Pagaya Technologies Ltd. - Class A (PGY) and Tempus AI, Inc. (TEM) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGY and TEM?
On 3 years of weekly data the PGY/TEM correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 4404.7 %².
By 3-year correlation, TEM places #4 of the 11 assets tracked against PGY. Correlation aside, the last 12 months split them widely, with TEM ahead by 29.5 points (-33.0% versus -3.5%).
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.
PGY vs TEM: side by side
| PGY (Pagaya Technologies Ltd. - Class A) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | -33.0% | -3.5% |
| 5-year return | -79.9% | n/a |
| Volatility (ann.) | 86.1% | 104.7% |
| Beta vs S&P 500 | 2.49 | 3.25 |
| Max drawdown (3Y) | -75.7% | -59.8% |
| Market cap | $1.9B | $12.8B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGY | TEM |
|---|---|---|
| 2022 | -87.5% | – |
| 2023 | +11.3% | – |
| 2024 | -43.9% | – |
| 2025 | +125.0% | +74.9% |
| 2026 | +11.3% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGY and TEM good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PGY and TEM?
The PGY/TEM correlation stands at 0.50 on a 3-year window (1 year: 0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TEM a good diversifier for PGY?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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/pgy-vs-tem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pgy-vs-tem/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PGY correlations · TEM correlations
