CODX vs GOVX: Correlation
Co-Diagnostics, Inc. (CODX) and GeoVax Labs, Inc. (GOVX) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODX and GOVX?
On 3 years of weekly data the CODX/GOVX correlation comes out at 0.50, moderate. The past 12 months show a tighter link (0.82) than the 3-year average (0.50). The 5-year figure is 0.40, and annualized covariance runs at 23665.7 %².
Among the 24 assets we track against CODX, GOVX ranks #7 by 3-year correlation. Over the last 12 months CODX came out ahead by 9.1 percentage points (-87.1% against -96.2%).
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.
CODX vs GOVX: side by side
| CODX (Co-Diagnostics, Inc.) | GOVX (GeoVax Labs, Inc.) | |
|---|---|---|
| 1-year return | -87.1% | -96.2% |
| 5-year return | -99.6% | -100.0% |
| Volatility (ann.) | 203.9% | 230.2% |
| Beta vs S&P 500 | 2.30 | 2.89 |
| Max drawdown (3Y) | -97.9% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODX | GOVX |
|---|---|---|
| 2022 | -71.8% | -82.6% |
| 2023 | -47.2% | -42.7% |
| 2024 | -43.6% | -54.4% |
| 2025 | -77.5% | -93.1% |
| 2026 | -75.1% | -83.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODX and GOVX good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CODX and GOVX?
The CODX/GOVX correlation stands at 0.50 on a 3-year window (1 year: 0.82, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is GOVX a good diversifier for CODX?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/codx-vs-govx.json
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Related comparisons
Hubs: CODX correlations · GOVX correlations
