PPCB vs SLS: Correlation
How closely do Propanc Biopharma, Inc. (PPCB) and SELLAS Life Sciences Group, Inc. (SLS) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and SLS?
Over the past 3 years, PPCB and SLS moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 32419080.4 %².
Within PPCB's tracked universe of 43 assets, SLS comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLS ahead by 789.2 points (-97.0% versus +692.2%). Risk is not evenly split, since PPCB carries 9507.8 times the volatility of the other side.
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.
PPCB vs SLS: side by side
| PPCB (Propanc Biopharma, Inc.) | SLS (SELLAS Life Sciences Group, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | +692.2% |
| 5-year return | -99.9% | +65.0% |
| Volatility (ann.) | 962193.8% | 101.2% |
| Beta vs S&P 500 | -3746.20 | 0.79 |
| Max drawdown (3Y) | -99.8% | -72.0% |
| Market cap | – | $3.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | SLS |
|---|---|---|
| 2022 | -98.6% | -57.3% |
| 2023 | -98.0% | -55.1% |
| 2024 | -98.3% | -1.9% |
| 2025 | +134050.0% | +262.5% |
| 2026 | -83.4% | +303.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and SLS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PPCB and SLS?
As of 2026-08-27, the correlation of weekly returns between PPCB and SLS is 0.33 over 3 years, 0.04 over 1 year and 0.26 over 5 years.
Is SLS a good diversifier for PPCB?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ppcb-vs-sls.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppcb-vs-sls/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PPCB correlations · SLS correlations
