CODX vs JYD: Correlation
Measured on weekly returns over the past three years, Co-Diagnostics, Inc. (CODX) and Jayud Global Logistics Limited - Class A (JYD) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODX and JYD?
Across a 3-year window, the weekly returns of CODX and JYD correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.29 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -8003.9 %².
Among the 24 assets we track against CODX, JYD sits near the bottom by co-movement, at rank #23. Their 12-month results are close: -87.1% for CODX against -89.5% for JYD.
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 JYD: side by side
| CODX (Co-Diagnostics, Inc.) | JYD (Jayud Global Logistics Limited - Class A) | |
|---|---|---|
| 1-year return | -87.1% | -89.5% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 203.9% | 136.8% |
| Beta vs S&P 500 | 2.30 | 1.58 |
| Max drawdown (3Y) | -97.9% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODX | JYD |
|---|---|---|
| 2022 | -71.8% | – |
| 2023 | -47.2% | – |
| 2024 | -43.6% | +188.3% |
| 2025 | -77.5% | -96.9% |
| 2026 | -75.1% | -81.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODX and JYD good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CODX and JYD?
The CODX/JYD correlation stands at -0.29 on a 3-year window (1 year: -0.57, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JYD a good diversifier for CODX?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/codx-vs-jyd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/codx-vs-jyd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CODX correlations · JYD correlations
