ARDT vs GTBP: Correlation
Ardent Health, Inc. (ARDT) and GT Biopharma, Inc. (GTBP) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and GTBP?
On 3 years of weekly data the ARDT/GTBP correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -998.8 %².
By 3-year correlation, GTBP places #10 of the 22 assets tracked against ARDT. The last year tells two different stories: ARDT led by 60.0 percentage points, -13.5% for ARDT against -73.5% for GTBP. One caveat on sizing: GTBP is 1.9 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.
ARDT vs GTBP: side by side
| ARDT (Ardent Health, Inc.) | GTBP (GT Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -13.5% | -73.5% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 48.5% | 90.4% |
| Beta vs S&P 500 | 0.65 | 0.76 |
| Max drawdown (3Y) | -61.2% | -97.1% |
| Market cap | $1.6B | – |
| P/E (trailing) | 20.7 | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | GTBP |
|---|---|---|
| 2022 | – | -71.0% |
| 2023 | – | -71.2% |
| 2024 | – | -60.1% |
| 2025 | -48.3% | -74.3% |
| 2026 | +24.5% | -61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and GTBP good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARDT and GTBP?
The ARDT/GTBP correlation stands at -0.20 on a 3-year window (1 year: -0.51, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GTBP a good diversifier for ARDT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: ARDT correlations · GTBP correlations
