BHVN vs GRCE: Correlation
How closely do Biohaven Ltd. (BHVN) and Grace Therapeutics, Inc. (GRCE) 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 BHVN and GRCE?
On 3 years of weekly data the BHVN/GRCE correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.47 over 3. The 5-year figure is 0.30, and annualized covariance runs at 2850.5 %².
Among the 10 assets we track against BHVN, GRCE ranks #4 by 3-year correlation. The last year tells two different stories: BHVN led by 32.9 percentage points, +3.3% for BHVN 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.
BHVN vs GRCE: side by side
| BHVN (Biohaven Ltd.) | GRCE (Grace Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -29.6% |
| 5-year return | n/a | -88.8% |
| Volatility (ann.) | 78.0% | 78.2% |
| Beta vs S&P 500 | 1.60 | 0.95 |
| Max drawdown (3Y) | -87.0% | -60.0% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHVN | GRCE |
|---|---|---|
| 2022 | – | -60.3% |
| 2023 | +208.4% | -3.7% |
| 2024 | -12.7% | +29.4% |
| 2025 | -69.8% | -7.5% |
| 2026 | +42.8% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHVN and GRCE good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BHVN and GRCE?
The BHVN/GRCE correlation stands at 0.47 on a 3-year window (1 year: 0.40, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is GRCE a good diversifier for BHVN?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bhvn-vs-grce.json
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Related comparisons
Hubs: BHVN correlations · GRCE correlations
