AEMD vs GWAV: Correlation
How closely do Aethlon Medical, Inc. (AEMD) and Greenwave Technology Solutions, Inc. (GWAV) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEMD and GWAV?
Over the past 3 years, AEMD and GWAV moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.21). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -5159.1 %².
GWAV is close to the least connected end of AEMD's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months GWAV outperformed by 53.4 percentage points (-97.3% for AEMD against -43.9% for GWAV). Risk is not evenly split, since GWAV carries 1.8 times the volatility of the other side.
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.
AEMD vs GWAV: side by side
| AEMD (Aethlon Medical, Inc.) | GWAV (Greenwave Technology Solutions, Inc.) | |
|---|---|---|
| 1-year return | -97.3% | -43.9% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 117.3% | 209.4% |
| Beta vs S&P 500 | 1.45 | 2.43 |
| Max drawdown (3Y) | -99.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEMD | GWAV |
|---|---|---|
| 2022 | -84.9% | -93.8% |
| 2023 | -21.8% | -35.9% |
| 2024 | -60.7% | -99.2% |
| 2025 | -96.0% | -93.2% |
| 2026 | -84.3% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEMD and GWAV good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEMD and GWAV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.27 over the last year and -0.12 over 5 years.
Is GWAV a good diversifier for AEMD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: AEMD correlations · GWAV correlations
