AYTU vs GRCE: Correlation
Measured on weekly returns over the past three years, Aytu BioPharma, Inc. (AYTU) and Grace Therapeutics, Inc. (GRCE) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYTU and GRCE?
Over the past 3 years, AYTU and GRCE moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.39 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 2429.6 %².
Within AYTU's tracked universe of 14 assets, GRCE comes in at #4 by 3-year correlation. The last year tells two different stories: AYTU led by 25.7 percentage points, -3.9% for AYTU against -29.6% for GRCE.
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.
AYTU vs GRCE: side by side
| AYTU (Aytu BioPharma, Inc.) | GRCE (Grace Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | -29.6% |
| 5-year return | -97.0% | -88.8% |
| Volatility (ann.) | 80.5% | 78.2% |
| Beta vs S&P 500 | 1.44 | 0.95 |
| Max drawdown (3Y) | -70.2% | -60.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AYTU | GRCE |
|---|---|---|
| 2022 | -85.9% | -60.3% |
| 2023 | -25.3% | -3.7% |
| 2024 | -40.1% | +29.4% |
| 2025 | +52.9% | -7.5% |
| 2026 | -13.8% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYTU and GRCE good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AYTU and GRCE?
As of 2026-08-27, the correlation of weekly returns between AYTU and GRCE is 0.39 over 3 years, 0.24 over 1 year and 0.29 over 5 years.
Is GRCE a good diversifier for AYTU?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/aytu-vs-grce.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aytu-vs-grce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AYTU correlations · GRCE correlations
