The ARPACK error means

-3: NCV-NEV >= 2 and less than or equal to N

 
where NCV is the number of Arnoldi vectors. The default value is NCV=20, 
however, this is adjusted according to

(n <= 6) && (nev = max(n-1, nev))
ncv = blas_int(min(max(2*nev+2, ncv), n))

 
Which values do you use for N (size of covariance) and NEV= sigComponents?

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