PGY vs ZETA: Correlation
Measured on weekly returns over the past three years, Pagaya Technologies Ltd. - Class A (PGY) and Zeta Global Holdings Corp. (ZETA) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGY and ZETA?
On 3 years of weekly data the PGY/ZETA correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.52). The 5-year figure is 0.27, and annualized covariance runs at 3189.8 %².
Few assets follow PGY as closely as ZETA, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ZETA outperformed by 84.7 percentage points (-33.0% for PGY against +51.7% for ZETA).
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 ZETA: side by side
| PGY (Pagaya Technologies Ltd. - Class A) | ZETA (Zeta Global Holdings Corp.) | |
|---|---|---|
| 1-year return | -33.0% | +51.7% |
| 5-year return | -79.9% | +373.7% |
| Volatility (ann.) | 86.1% | 71.9% |
| Beta vs S&P 500 | 2.49 | 2.30 |
| Max drawdown (3Y) | -75.7% | -70.0% |
| Market cap | $1.9B | $7.5B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGY | ZETA |
|---|---|---|
| 2022 | -87.5% | -3.0% |
| 2023 | +11.3% | +8.0% |
| 2024 | -43.9% | +104.0% |
| 2025 | +125.0% | +13.1% |
| 2026 | +11.3% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGY and ZETA good diversifiers for each other?
Only partially. A correlation of 0.52 means PGY and ZETA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PGY and ZETA?
The PGY/ZETA correlation stands at 0.52 on a 3-year window (1 year: 0.63, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is ZETA a good diversifier for PGY?
Only partially. A correlation of 0.52 means PGY and ZETA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/pgy-vs-zeta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pgy-vs-zeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PGY correlations · ZETA correlations
