PMVP vs PRME: Correlation
PMV Pharmaceuticals, Inc. (PMVP) and Prime Medicine, Inc. (PRME) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMVP and PRME?
Across a 3-year window, the weekly returns of PMVP and PRME correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 3648.9 %².
By 3-year correlation, PRME places #5 of the 14 assets tracked against PMVP. Their recent paths diverged sharply: over the last 12 months PRME outperformed by 18.8 percentage points (-12.7% for PMVP against +6.1% for PRME).
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.
PMVP vs PRME: side by side
| PMVP (PMV Pharmaceuticals, Inc.) | PRME (Prime Medicine, Inc.) | |
|---|---|---|
| 1-year return | -12.7% | +6.1% |
| 5-year return | -95.9% | n/a |
| Volatility (ann.) | 86.3% | 98.7% |
| Beta vs S&P 500 | 1.29 | 2.97 |
| Max drawdown (3Y) | -88.8% | -91.4% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMVP | PRME |
|---|---|---|
| 2022 | -62.3% | – |
| 2023 | -64.4% | -52.3% |
| 2024 | -51.3% | -67.0% |
| 2025 | -17.2% | +18.8% |
| 2026 | -0.8% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMVP and PRME good diversifiers for each other?
Reasonably. At 0.43, PMVP and PRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PMVP and PRME?
As of 2026-08-27, the correlation of weekly returns between PMVP and PRME is 0.43 over 3 years, 0.51 over 1 year and 0.37 over 5 years.
Is PRME a good diversifier for PMVP?
Reasonably. At 0.43, PMVP and PRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/pmvp-vs-prme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pmvp-vs-prme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PMVP correlations · PRME correlations
