PIII vs SNAL: Correlation
How closely do P3 Health Partners Inc. (PIII) and Snail, Inc. (SNAL) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PIII and SNAL?
Across a 3-year window, the weekly returns of PIII and SNAL correlate at 0.44, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.44). Stretching to 5 years gives 0.41, with an annualized covariance of 9856.5 %².
Among the 28 assets we track against PIII, SNAL ranks #8 by 3-year correlation. The last year tells two different stories: PIII led by 54.8 percentage points, +19.6% for PIII against -35.2% for SNAL.
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.
PIII vs SNAL: side by side
| PIII (P3 Health Partners Inc.) | SNAL (Snail, Inc.) | |
|---|---|---|
| 1-year return | +19.6% | -35.2% |
| 5-year return | -98.1% | n/a |
| Volatility (ann.) | 154.4% | 146.7% |
| Beta vs S&P 500 | 0.52 | 2.22 |
| Max drawdown (3Y) | -98.9% | -88.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PIII | SNAL |
|---|---|---|
| 2022 | -73.9% | – |
| 2023 | -23.4% | -17.7% |
| 2024 | -84.0% | +53.7% |
| 2025 | -69.0% | -52.2% |
| 2026 | +169.1% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PIII and SNAL good diversifiers for each other?
Reasonably. At 0.44, PIII and SNAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PIII and SNAL?
As of 2026-08-27, the correlation of weekly returns between PIII and SNAL is 0.44 over 3 years, 0.63 over 1 year and 0.41 over 5 years.
Is SNAL a good diversifier for PIII?
Reasonably. At 0.44, PIII and SNAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: PIII correlations · SNAL correlations
