CHAI vs GOOS: Correlation
Core AI Holdings, Inc. (CHAI) and Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and GOOS?
On 3 years of weekly data the CHAI/GOOS correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.36 over 3. The 5-year figure is 0.27, and annualized covariance runs at 2585.0 %².
Among the 11 assets we track against CHAI, GOOS ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOS outperformed by 55.2 percentage points (-97.9% for CHAI against -42.7% for GOOS). Note the risk asymmetry: CHAI runs 3.3 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.
CHAI vs GOOS: side by side
| CHAI (Core AI Holdings, Inc.) | GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -97.9% | -42.7% |
| 5-year return | -100.0% | -79.0% |
| Volatility (ann.) | 153.8% | 46.5% |
| Beta vs S&P 500 | 0.95 | 0.88 |
| Max drawdown (3Y) | -100.0% | -57.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHAI | GOOS |
|---|---|---|
| 2022 | -95.9% | -51.9% |
| 2023 | -96.1% | -33.5% |
| 2024 | -99.2% | -15.4% |
| 2025 | -93.3% | +29.1% |
| 2026 | -84.4% | -37.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and GOOS 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 CHAI and GOOS?
As of 2026-08-27, the correlation of weekly returns between CHAI and GOOS is 0.36 over 3 years, 0.37 over 1 year and 0.27 over 5 years.
Is GOOS a good diversifier for CHAI?
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?
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.
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Related comparisons
Hubs: CHAI correlations · GOOS correlations
