CNEY vs GIFT: Correlation
How closely do CN Energy Group Inc. - Class A (CNEY) and Giftify, Inc. (GIFT) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNEY and GIFT?
Across a 3-year window, the weekly returns of CNEY and GIFT correlate at -0.28, 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 (-0.28). Stretching to 5 years gives -0.16, with an annualized covariance of -3289.5 %².
Out of 10 assets tracked against CNEY, GIFT lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with GIFT ahead by 53.4 points (-73.4% versus -20.0%). Note the risk asymmetry: CNEY runs 2.4 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.
CNEY vs GIFT: side by side
| CNEY (CN Energy Group Inc. - Class A) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | -73.4% | -20.0% |
| 5-year return | -100.0% | -65.3% |
| Volatility (ann.) | 169.1% | 70.2% |
| Beta vs S&P 500 | 1.83 | 0.42 |
| Max drawdown (3Y) | -99.7% | -83.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNEY | GIFT |
|---|---|---|
| 2022 | -73.2% | +135.8% |
| 2023 | -91.3% | +182.7% |
| 2024 | -84.3% | -72.7% |
| 2025 | -92.2% | +0.9% |
| 2026 | -0.1% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNEY and GIFT good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNEY and GIFT?
The CNEY/GIFT correlation stands at -0.28 on a 3-year window (1 year: -0.18, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is GIFT a good diversifier for CNEY?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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: CNEY correlations · GIFT correlations
