DEC vs GDHG: Correlation
How closely do Diversified Energy Company (DEC) and Golden Heaven Group Holdings Ltd. - Class A (GDHG) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and GDHG?
On 3 years of weekly data the DEC/GDHG correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.27). The 5-year figure is n/a, and annualized covariance runs at nan %².
Out of 27 assets tracked against DEC, GDHG lands near the bottom at #25. The last year tells two different stories: DEC led by 76.7 percentage points, -0.7% for DEC against -77.4% for GDHG.
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.
DEC vs GDHG: side by side
| DEC (Diversified Energy Company) | GDHG (Golden Heaven Group Holdings Ltd. - Class A) | |
|---|---|---|
| 1-year return | -0.7% | -77.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | n/a | 203.3% |
| Beta vs S&P 500 | nan | 1.20 |
| Max drawdown (3Y) | -36.6% | -100.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 2.5 | 0.0 |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | GDHG |
|---|---|---|
| 2023 | +inf% | – |
| 2024 | +30.4% | -93.7% |
| 2025 | -4.7% | -99.8% |
| 2026 | +8.5% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and GDHG good diversifiers for each other?
Yes. With a correlation of -0.27, DEC and GDHG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DEC and GDHG?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.03 over the last year and n/a over 5 years.
Is GDHG a good diversifier for DEC?
Yes. With a correlation of -0.27, DEC and GDHG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/dec-vs-gdhg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dec-vs-gdhg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEC correlations · GDHG correlations
