AMCI vs GRF: Correlation
AMC Robotics Corporation (AMCI) and Eagle Capital Growth Fund, Inc. (GRF) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and GRF?
Across a 3-year window, the weekly returns of AMCI and GRF correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.31). Stretching to 5 years gives n/a, with an annualized covariance of -1007.3 %².
Out of 20 assets tracked against AMCI, GRF lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with GRF ahead by 75.9 points (-66.2% versus +9.7%). Note the risk asymmetry: AMCI runs 8.6 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.
AMCI vs GRF: side by side
| AMCI (AMC Robotics Corporation) | GRF (Eagle Capital Growth Fund, Inc.) | |
|---|---|---|
| 1-year return | -66.2% | +9.7% |
| 5-year return | n/a | +56.2% |
| Volatility (ann.) | 168.1% | 19.6% |
| Beta vs S&P 500 | 0.40 | 0.31 |
| Max drawdown (3Y) | -87.8% | -17.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 10.5 |
| Dividend yield | 0.00% | 8.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | GRF |
|---|---|---|
| 2022 | – | -6.5% |
| 2023 | – | +14.9% |
| 2024 | +6.4% | +10.3% |
| 2025 | -30.6% | +19.1% |
| 2026 | -48.8% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and GRF good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCI and GRF?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.45 over the last year and n/a over 5 years.
Is GRF a good diversifier for AMCI?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amci-vs-grf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amci-vs-grf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCI correlations · GRF correlations
