PUBM vs VTEX: Correlation
PubMatic, Inc. (PUBM) and VTEX Class A (VTEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUBM and VTEX?
Across a 3-year window, the weekly returns of PUBM and VTEX correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 1098.9 %².
Within PUBM's tracked universe of 17 assets, VTEX comes in at #12 by 3-year correlation. The last year tells two different stories: PUBM led by 104.1 percentage points, +91.7% for PUBM against -12.4% for VTEX.
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.
PUBM vs VTEX: side by side
| PUBM (PubMatic, Inc.) | VTEX (VTEX Class A) | |
|---|---|---|
| 1-year return | +91.7% | -12.4% |
| 5-year return | -40.5% | -86.1% |
| Volatility (ann.) | 61.6% | 44.3% |
| Beta vs S&P 500 | 1.56 | 0.67 |
| Max drawdown (3Y) | -73.9% | -69.5% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | – | 22.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PUBM | VTEX |
|---|---|---|
| 2022 | -62.4% | -65.0% |
| 2023 | +27.3% | +83.5% |
| 2024 | -9.9% | -14.4% |
| 2025 | -39.6% | -36.2% |
| 2026 | +84.3% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUBM and VTEX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PUBM and VTEX?
As of 2026-08-27, the correlation of weekly returns between PUBM and VTEX is 0.40 over 3 years, 0.45 over 1 year and 0.37 over 5 years.
Is VTEX a good diversifier for PUBM?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/pubm-vs-vtex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pubm-vs-vtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PUBM correlations · VTEX correlations
