I assume you're using an accuracy correlation, but those fail in lots of situations. For instance if somebody is substantially better than somebody else, they're probably going to have near 0 pawn loss, but that's only because the opponent never posed any problems to them.
Style issue also tend to break these correlations. E.g. - Capablanca was much more accurate, by this metric, than Kasparov. But that's because Capablanca had an extremely solid style. In reality, he would probably not fare well against Kasparov or most modern super GMs, even though many of them are far less accurate on paper.