BHST vs GRAB: Correlation
How closely do BioHarvest Sciences Inc. (BHST) and Grab Holdings Limited - Class A (GRAB) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHST and GRAB?
Over the past 3 years, BHST and GRAB moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 828.8 %².
In BHST's tracked universe of 10 assets, GRAB sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months GRAB outperformed by 50.5 percentage points (-78.0% for BHST against -27.5% for GRAB). Risk is not evenly split, since BHST carries 1.6 times the volatility of the other side.
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.
BHST vs GRAB: side by side
| BHST (BioHarvest Sciences Inc.) | GRAB (Grab Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -78.0% | -27.5% |
| 5-year return | -83.4% | -65.8% |
| Volatility (ann.) | 61.8% | 37.6% |
| Beta vs S&P 500 | 0.85 | 1.41 |
| Max drawdown (3Y) | -85.4% | -49.3% |
| Market cap | – | $14.7B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHST | GRAB |
|---|---|---|
| 2022 | -39.4% | -54.8% |
| 2023 | -27.5% | +4.7% |
| 2024 | +11.8% | +40.1% |
| 2025 | -16.0% | +5.7% |
| 2026 | -64.4% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHST and GRAB good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BHST and GRAB?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.37 over the last year and 0.13 over 5 years.
Is GRAB a good diversifier for BHST?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BHST correlations · GRAB correlations
