CVRX vs GAU: Correlation
CVRx, Inc. (CVRX) and Galiano Gold Inc. (GAU) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVRX and GAU?
On 3 years of weekly data the CVRX/GAU correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.22). The 5-year figure is -0.10, and annualized covariance runs at -1609.9 %².
Among the 18 assets we track against CVRX, GAU ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GAU outperformed by 72.9 percentage points (-59.8% for CVRX against +13.1% for GAU).
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.
CVRX vs GAU: side by side
| CVRX (CVRx, Inc.) | GAU (Galiano Gold Inc.) | |
|---|---|---|
| 1-year return | -59.8% | +13.1% |
| 5-year return | -84.4% | +183.5% |
| Volatility (ann.) | 101.8% | 70.6% |
| Beta vs S&P 500 | 0.65 | 0.93 |
| Max drawdown (3Y) | -92.8% | -51.8% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | 8.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVRX | GAU |
|---|---|---|
| 2022 | +50.0% | -25.7% |
| 2023 | +71.3% | +80.8% |
| 2024 | -59.7% | +30.9% |
| 2025 | -44.0% | +105.7% |
| 2026 | -57.2% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVRX and GAU good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVRX and GAU?
As of 2026-08-27, the correlation of weekly returns between CVRX and GAU is -0.22 over 3 years, -0.11 over 1 year and -0.10 over 5 years.
Is GAU a good diversifier for CVRX?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/cvrx-vs-gau.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvrx-vs-gau/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVRX correlations · GAU correlations
