CDT vs GVH: Correlation
How closely do CDT Equity Inc. (CDT) and Globavend Holdings Limited - Ord Shares (GVH) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and GVH?
Over the past 3 years, CDT and GVH moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.32). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -29463.3 %².
GVH is close to the least connected end of CDT's tracked universe, ranking #17 of 20. The last year tells two different stories: GVH led by 21.5 percentage points, -99.3% for CDT against -77.8% for GVH. Note the risk asymmetry: CDT runs 3.4 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.
CDT vs GVH: side by side
| CDT (CDT Equity Inc.) | GVH (Globavend Holdings Limited - Ord Shares) | |
|---|---|---|
| 1-year return | -99.3% | -77.8% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 546.1% | 162.4% |
| Beta vs S&P 500 | 0.29 | 1.17 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | GVH |
|---|---|---|
| 2023 | -55.6% | – |
| 2024 | -98.5% | -57.5% |
| 2025 | -99.8% | -98.9% |
| 2026 | -94.1% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and GVH good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CDT and GVH?
The CDT/GVH correlation stands at -0.32 on a 3-year window (1 year: -0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GVH a good diversifier for CDT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/cdt-vs-gvh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdt-vs-gvh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDT correlations · GVH correlations
