CD vs GILD: Correlation
Chaince Digital Holdings Inc. - American (CD) and Gilead Sciences (GILD) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CD and GILD?
Over the past 3 years, CD and GILD moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.19). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -862.8 %².
Among the 15 assets we track against CD, GILD sits near the bottom by co-movement, at rank #12. The last year tells two different stories: GILD led by 73.9 percentage points, -39.8% for CD against +34.1% for GILD. Note the risk asymmetry: CD runs 7.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CD vs GILD: side by side
| CD (Chaince Digital Holdings Inc. - American) | GILD (Gilead Sciences) | |
|---|---|---|
| 1-year return | -39.8% | +34.1% |
| 5-year return | +1.2% | +148.1% |
| Volatility (ann.) | 189.9% | 24.1% |
| Beta vs S&P 500 | 1.02 | 0.33 |
| Max drawdown (3Y) | -92.6% | -26.6% |
| Market cap | $0.4B | $184.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.17% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CD | GILD |
|---|---|---|
| 2022 | -64.8% | +23.6% |
| 2023 | +109.5% | -2.0% |
| 2024 | +162.7% | +18.7% |
| 2025 | -27.2% | +36.6% |
| 2026 | -31.2% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CD and GILD good diversifiers for each other?
Yes. With a correlation of -0.19, CD and GILD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CD and GILD?
The CD/GILD correlation stands at -0.19 on a 3-year window (1 year: -0.03, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is GILD a good diversifier for CD?
Yes. With a correlation of -0.19, CD and GILD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/cd-vs-gild.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cd-vs-gild/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CD correlations · GILD correlations
