ALLE vs GVH: Correlation
Allegion (ALLE) and Globavend Holdings Limited - Ord Shares (GVH) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and GVH?
Over the past 3 years, ALLE and GVH moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.19). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -740.3 %².
Among the 33 assets we track against ALLE, GVH ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLE outperformed by 71.4 percentage points (-6.4% for ALLE against -77.8% for GVH). Note the risk asymmetry: GVH runs 6.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ALLE vs GVH: side by side
| ALLE (Allegion) | GVH (Globavend Holdings Limited - Ord Shares) | |
|---|---|---|
| 1-year return | -6.4% | -77.8% |
| 5-year return | +19.4% | n/a |
| Volatility (ann.) | 24.3% | 162.4% |
| Beta vs S&P 500 | 0.60 | 1.17 |
| Max drawdown (3Y) | -29.8% | -99.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | GVH |
|---|---|---|
| 2022 | -19.3% | – |
| 2023 | +22.3% | – |
| 2024 | +4.7% | -57.5% |
| 2025 | +22.8% | -98.9% |
| 2026 | +1.1% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and GVH good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLE and GVH?
As of 2026-08-27, the correlation of weekly returns between ALLE and GVH is -0.19 over 3 years, -0.40 over 1 year and n/a over 5 years.
Is GVH a good diversifier for ALLE?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/alle-vs-gvh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alle-vs-gvh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · GVH correlations
