PYPD vs ZIM: Correlation
PolyPid Ltd. (PYPD) and ZIM Integrated Shipping Services Ltd. (ZIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYPD and ZIM?
Over the past 3 years, PYPD and ZIM moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1999.7 %².
By 3-year correlation, ZIM places #7 of the 14 assets tracked against PYPD. Correlation aside, the last 12 months split them widely, with ZIM ahead by 53.4 points (+49.7% versus +103.1%).
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.
PYPD vs ZIM: side by side
| PYPD (PolyPid Ltd.) | ZIM (ZIM Integrated Shipping Services Ltd.) | |
|---|---|---|
| 1-year return | +49.7% | +103.1% |
| 5-year return | -98.1% | +125.1% |
| Volatility (ann.) | 81.4% | 73.9% |
| Beta vs S&P 500 | 0.49 | 1.32 |
| Max drawdown (3Y) | -74.1% | -46.2% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | – | 24.1 |
| Dividend yield | 0.00% | 4.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PYPD | ZIM |
|---|---|---|
| 2022 | -87.8% | -52.7% |
| 2023 | -81.9% | -21.1% |
| 2024 | -20.0% | +176.9% |
| 2025 | +42.8% | +25.6% |
| 2026 | +18.0% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYPD and ZIM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PYPD and ZIM?
As of 2026-08-27, the correlation of weekly returns between PYPD and ZIM is 0.33 over 3 years, 0.16 over 1 year and 0.29 over 5 years.
Is ZIM a good diversifier for PYPD?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pypd-vs-zim.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pypd-vs-zim/)
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Related comparisons
Hubs: PYPD correlations · ZIM correlations
