AIIO vs GRSD: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Grandstand Limited (GRSD) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and GRSD?
Over the past 3 years, AIIO and GRSD moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.39). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -5869.7 %².
Out of 35 assets tracked against AIIO, GRSD lands near the bottom at #34. On 12-month performance GRSD holds a 12.9-point edge, -91.3% against -78.4%. One caveat on sizing: AIIO is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIIO vs GRSD: side by side
| AIIO (Robo.ai Inc. - Class B) | GRSD (Grandstand Limited) | |
|---|---|---|
| 1-year return | -91.3% | -78.4% |
| 5-year return | -98.8% | -85.5% |
| Volatility (ann.) | 280.6% | 53.1% |
| Beta vs S&P 500 | 0.74 | 0.92 |
| Max drawdown (3Y) | -99.7% | -90.1% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | GRSD |
|---|---|---|
| 2022 | -9.2% | -9.9% |
| 2023 | -27.5% | +6.6% |
| 2024 | -91.0% | +44.4% |
| 2025 | -56.6% | -61.2% |
| 2026 | -61.3% | -66.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and GRSD good diversifiers for each other?
Yes. With a correlation of -0.39, AIIO and GRSD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIIO and GRSD?
The AIIO/GRSD correlation stands at -0.39 on a 3-year window (1 year: -0.57, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is GRSD a good diversifier for AIIO?
Yes. With a correlation of -0.39, AIIO and GRSD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiio-vs-grsd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiio-vs-grsd/)
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Related comparisons
Hubs: AIIO correlations · GRSD correlations
