PROK vs SUGP: Correlation
How closely do ProKidney Corp. - Class A (PROK) and SU Group Holdings Limited - Class A (SUGP) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PROK and SUGP?
Over the past 3 years, PROK and SUGP moved with a correlation of 0.60, which is strong. The past 12 months show a weaker link (0.01) than the 3-year average (0.60). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 33436.5 %².
Within PROK's tracked universe of 21 assets, SUGP comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PROK outperformed by 70.1 percentage points (-26.9% for PROK against -97.0% for SUGP). One caveat on sizing: PROK is 2.6 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.
PROK vs SUGP: side by side
| PROK (ProKidney Corp. - Class A) | SUGP (SU Group Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -26.9% | -97.0% |
| 5-year return | -81.3% | n/a |
| Volatility (ann.) | 368.1% | 143.4% |
| Beta vs S&P 500 | 2.21 | 1.47 |
| Max drawdown (3Y) | -94.3% | -99.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PROK | SUGP |
|---|---|---|
| 2022 | -30.7% | – |
| 2023 | -74.1% | – |
| 2024 | -5.1% | – |
| 2025 | +32.5% | -44.7% |
| 2026 | -18.7% | -97.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PROK and SUGP good diversifiers for each other?
Only partially. A correlation of 0.60 means PROK and SUGP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PROK and SUGP?
As of 2026-08-27, the correlation of weekly returns between PROK and SUGP is 0.60 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is SUGP a good diversifier for PROK?
Only partially. A correlation of 0.60 means PROK and SUGP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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/prok-vs-sugp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prok-vs-sugp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PROK correlations · SUGP correlations
