PMEC vs WIA: Correlation
Measured on weekly returns over the past three years, Primech Holdings Ltd. (PMEC) and Western Asset Inflation-Linked Income Fund (WIA) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMEC and WIA?
Across a 3-year window, the weekly returns of PMEC and WIA correlate at 0.24, weak. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.24). Stretching to 5 years gives n/a, with an annualized covariance of 173.5 %².
By 3-year correlation, WIA places #5 of the 10 assets tracked against PMEC. Their recent paths diverged sharply: over the last 12 months WIA outperformed by 66.6 percentage points (-64.5% for PMEC against +2.1% for WIA). Note the risk asymmetry: PMEC runs 14.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PMEC vs WIA: side by side
| PMEC (Primech Holdings Ltd.) | WIA (Western Asset Inflation-Linked Income Fund) | |
|---|---|---|
| 1-year return | -64.5% | +2.1% |
| 5-year return | n/a | -3.9% |
| Volatility (ann.) | 103.1% | 7.2% |
| Beta vs S&P 500 | 0.88 | 0.20 |
| Max drawdown (3Y) | -89.9% | -6.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMEC | WIA |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | – | +5.0% |
| 2024 | -71.9% | +6.1% |
| 2025 | +51.1% | +11.4% |
| 2026 | -48.0% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMEC and WIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PMEC and WIA?
The PMEC/WIA correlation stands at 0.24 on a 3-year window (1 year: -0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WIA a good diversifier for PMEC?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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/pmec-vs-wia.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pmec-vs-wia/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PMEC correlations · WIA correlations
