PPCB vs WHR: Correlation
Propanc Biopharma, Inc. (PPCB) and Whirlpool Corporation (WHR) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and WHR?
Over the past 3 years, PPCB and WHR moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.21 versus -0.25 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -11171534.8 %².
By 3-year correlation, WHR places #28 of the 43 assets tracked against PPCB. Their recent paths diverged sharply: over the last 12 months WHR outperformed by 40.5 percentage points (-97.0% for PPCB against -56.5% for WHR). One caveat on sizing: PPCB is 21100.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WHR: side by side
| PPCB (Propanc Biopharma, Inc.) | WHR (Whirlpool Corporation) | |
|---|---|---|
| 1-year return | -97.0% | -56.5% |
| 5-year return | -99.9% | -77.3% |
| Volatility (ann.) | 962193.8% | 45.6% |
| Beta vs S&P 500 | -3746.20 | 1.09 |
| Max drawdown (3Y) | -99.8% | -71.1% |
| Market cap | – | $2.6B |
| P/E (trailing) | 0.0 | 13.1 |
| Dividend yield | 0.00% | 6.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | WHR |
|---|---|---|
| 2022 | -98.6% | -37.2% |
| 2023 | -98.0% | -9.1% |
| 2024 | -98.3% | +0.6% |
| 2025 | +134050.0% | -33.0% |
| 2026 | -83.4% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and WHR good diversifiers for each other?
Yes. With a correlation of -0.25, PPCB and WHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PPCB and WHR?
As of 2026-08-27, the correlation of weekly returns between PPCB and WHR is -0.25 over 3 years, 0.21 over 1 year and -0.22 over 5 years.
Is WHR a good diversifier for PPCB?
Yes. With a correlation of -0.25, PPCB and WHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-whr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppcb-vs-whr/)
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Related comparisons
Hubs: PPCB correlations · WHR correlations
