CHR vs YCBD: Correlation
How closely do Cheer Holding, Inc. - Class A (CHR) and cbdMD, Inc. (YCBD) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and YCBD?
Across a 3-year window, the weekly returns of CHR and YCBD correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -2758.9 %².
Out of 20 assets tracked against CHR, YCBD lands near the bottom at #16. The last year tells two different stories: YCBD led by 70.4 percentage points, -98.9% for CHR against -28.5% for YCBD.
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.
CHR vs YCBD: side by side
| CHR (Cheer Holding, Inc. - Class A) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | -98.9% | -28.5% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 89.2% | 122.3% |
| Beta vs S&P 500 | 0.17 | 0.80 |
| Max drawdown (3Y) | -99.8% | -95.8% |
| Market cap | – | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | YCBD |
|---|---|---|
| 2022 | +23.7% | -79.0% |
| 2023 | -78.5% | -89.8% |
| 2024 | -20.7% | -63.9% |
| 2025 | -99.0% | -55.0% |
| 2026 | -52.6% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and YCBD good diversifiers for each other?
Yes. With a correlation of -0.25, CHR and YCBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHR and YCBD?
The CHR/YCBD correlation stands at -0.25 on a 3-year window (1 year: -0.35, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is YCBD a good diversifier for CHR?
Yes. With a correlation of -0.25, CHR and YCBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chr-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chr-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHR correlations · YCBD correlations
