ELAB vs GVH: Correlation
PMGC Holdings Inc. (ELAB) and Globavend Holdings Limited - Ord Shares (GVH) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and GVH?
Over the past 3 years, ELAB and GVH moved with a correlation of 0.32, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10138.3 %².
Within ELAB's tracked universe of 20 assets, GVH comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GVH ahead by 21.9 points (-99.7% versus -77.8%).
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.
ELAB vs GVH: side by side
| ELAB (PMGC Holdings Inc.) | GVH (Globavend Holdings Limited - Ord Shares) | |
|---|---|---|
| 1-year return | -99.7% | -77.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 195.6% | 162.4% |
| Beta vs S&P 500 | 2.50 | 1.17 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | GVH |
|---|---|---|
| 2024 | -99.4% | -57.5% |
| 2025 | -97.4% | -98.9% |
| 2026 | -98.4% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and GVH good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELAB and GVH?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.56 over the last year and n/a over 5 years.
Is GVH a good diversifier for ELAB?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/elab-vs-gvh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elab-vs-gvh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELAB correlations · GVH correlations
