CROX vs GFS: Correlation
Crocs, Inc. (CROX) and GlobalFoundries Inc. (GFS) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CROX and GFS?
Over the past 3 years, CROX and GFS moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 971.3 %².
Within CROX's tracked universe of 10 assets, GFS comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +40.5% against +36.6%.
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.
CROX vs GFS: side by side
| CROX (Crocs, Inc.) | GFS (GlobalFoundries Inc.) | |
|---|---|---|
| 1-year return | +40.5% | +36.6% |
| 5-year return | -16.9% | +0.0% |
| Volatility (ann.) | 47.7% | 44.9% |
| Beta vs S&P 500 | 0.93 | 1.69 |
| Max drawdown (3Y) | -54.0% | -51.2% |
| Market cap | $5.8B | $25.4B |
| P/E (trailing) | 11.0 | 35.6 |
| Dividend yield | 0.00% | 0.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CROX | GFS |
|---|---|---|
| 2022 | -15.4% | -17.1% |
| 2023 | -13.9% | +12.5% |
| 2024 | +17.3% | -29.2% |
| 2025 | -21.9% | -18.6% |
| 2026 | +42.3% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CROX and GFS good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CROX and GFS?
The CROX/GFS correlation stands at 0.45 on a 3-year window (1 year: 0.52, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is GFS a good diversifier for CROX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/crox-vs-gfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crox-vs-gfs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CROX correlations · GFS correlations
