CLDI vs GL: Correlation
How closely do Calidi Biotherapeutics, Inc. (CLDI) and Globe Life (GL) 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 CLDI and GL?
Across a 3-year window, the weekly returns of CLDI and GL correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.18) runs above the 3-year figure (-0.25). Stretching to 5 years gives -0.22, with an annualized covariance of -1613.4 %².
Among the 14 assets we track against CLDI, GL sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with GL ahead by 121.2 points (-95.1% versus +26.1%). Note the risk asymmetry: CLDI runs 5.1 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.
CLDI vs GL: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | GL (Globe Life) | |
|---|---|---|
| 1-year return | -95.1% | +26.1% |
| 5-year return | -100.0% | +91.0% |
| Volatility (ann.) | 182.9% | 35.7% |
| Beta vs S&P 500 | 1.03 | 0.60 |
| Max drawdown (3Y) | -100.0% | -61.6% |
| Market cap | – | $13.5B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CLDI | GL |
|---|---|---|
| 2022 | +3.7% | +29.7% |
| 2023 | -85.2% | +1.8% |
| 2024 | -92.4% | -7.5% |
| 2025 | -91.5% | +26.5% |
| 2026 | -93.1% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and GL good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLDI and GL?
As of 2026-08-27, the correlation of weekly returns between CLDI and GL is -0.25 over 3 years, 0.18 over 1 year and -0.22 over 5 years.
Is GL a good diversifier for CLDI?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/cldi-vs-gl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cldi-vs-gl/)
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Related comparisons
Hubs: CLDI correlations · GL correlations
