BEAT vs YCBD: Correlation
How closely do Heartbeam, Inc. (BEAT) and cbdMD, Inc. (YCBD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and YCBD?
On 3 years of weekly data the BEAT/YCBD correlation comes out at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.47 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 8768.0 %².
Among the 16 assets we track against BEAT, YCBD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with YCBD ahead by 30.3 points (-58.8% versus -28.5%).
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.
BEAT vs YCBD: side by side
| BEAT (Heartbeam, Inc.) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | -58.8% | -28.5% |
| 5-year return | -89.6% | -99.9% |
| Volatility (ann.) | 152.8% | 122.3% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -86.1% | -95.8% |
| Market cap | – | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAT | YCBD |
|---|---|---|
| 2022 | +58.4% | -79.0% |
| 2023 | -51.8% | -89.8% |
| 2024 | -2.1% | -63.9% |
| 2025 | +4.3% | -55.0% |
| 2026 | -79.8% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and YCBD good diversifiers for each other?
Reasonably. At 0.47, BEAT and YCBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BEAT and YCBD?
The BEAT/YCBD correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is YCBD a good diversifier for BEAT?
Reasonably. At 0.47, BEAT and YCBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/beat-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beat-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEAT correlations · YCBD correlations
