PTHS vs WEA: Correlation
Pelthos Therapeutics Inc. (PTHS) and Western Asset Bond Fund Share of Beneficial Interest (WEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTHS and WEA?
Across a 3-year window, the weekly returns of PTHS and WEA correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 432.8 %².
By 3-year correlation, WEA places #4 of the 14 assets tracked against PTHS. Neither side won the trailing year by much: +5.4% against +2.2%. One caveat on sizing: PTHS is 11.9 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.
PTHS vs WEA: side by side
| PTHS (Pelthos Therapeutics Inc.) | WEA (Western Asset Bond Fund Share of Beneficial Interest) | |
|---|---|---|
| 1-year return | +5.4% | +2.2% |
| 5-year return | n/a | +4.5% |
| Volatility (ann.) | 125.0% | 10.5% |
| Beta vs S&P 500 | 1.67 | 0.29 |
| Max drawdown (3Y) | -88.7% | -11.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 4.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTHS | WEA |
|---|---|---|
| 2022 | – | -20.2% |
| 2023 | – | +9.6% |
| 2024 | – | +7.7% |
| 2025 | +383.6% | +10.6% |
| 2026 | -19.4% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTHS and WEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PTHS and WEA?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.26 over the last year and n/a over 5 years.
Is WEA a good diversifier for PTHS?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/pths-vs-wea.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pths-vs-wea/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTHS correlations · WEA correlations
