CNSY vs GF: Correlation
Measured on weekly returns over the past three years, Cerenome, Inc. (CNSY) and New Germany Fund, Inc. (The) (GF) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNSY and GF?
Across a 3-year window, the weekly returns of CNSY and GF correlate at 0.40, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.40). Stretching to 5 years gives 0.29, with an annualized covariance of 1305.7 %².
Within CNSY's tracked universe of 11 assets, GF comes in at #5 by 3-year correlation. The last year tells two different stories: GF led by 77.5 percentage points, -74.7% for CNSY against +2.8% for GF. One caveat on sizing: CNSY is 7.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CNSY vs GF: side by side
| CNSY (Cerenome, Inc.) | GF (New Germany Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | -74.7% | +2.8% |
| 5-year return | -99.6% | -16.5% |
| Volatility (ann.) | 154.9% | 20.9% |
| Beta vs S&P 500 | 2.28 | 0.76 |
| Max drawdown (3Y) | -96.1% | -18.1% |
| Market cap | – | – |
| P/E (trailing) | 1.0 | 3.4 |
| Dividend yield | 0.00% | 1.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNSY | GF |
|---|---|---|
| 2022 | -69.5% | -42.2% |
| 2023 | -63.5% | +11.7% |
| 2024 | -34.3% | -10.0% |
| 2025 | -55.7% | +48.3% |
| 2026 | -75.7% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNSY and GF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNSY and GF?
The CNSY/GF correlation stands at 0.40 on a 3-year window (1 year: 0.18, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is GF a good diversifier for CNSY?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/cnsy-vs-gf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnsy-vs-gf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNSY correlations · GF correlations
