EVGN vs GSM: Correlation
Measured on weekly returns over the past three years, Evogene Ltd. (EVGN) and Ferroglobe PLC (GSM) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and GSM?
On 3 years of weekly data the EVGN/GSM correlation comes out at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.44) runs above the 3-year figure (0.33). The 5-year figure is 0.24, and annualized covariance runs at 1258.4 %².
Few assets follow EVGN as closely as GSM, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with GSM ahead by 55.6 points (-58.9% versus -3.3%).
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.
EVGN vs GSM: side by side
| EVGN (Evogene Ltd.) | GSM (Ferroglobe PLC) | |
|---|---|---|
| 1-year return | -58.9% | -3.3% |
| 5-year return | -97.9% | -45.4% |
| Volatility (ann.) | 71.8% | 52.6% |
| Beta vs S&P 500 | 1.04 | 1.11 |
| Max drawdown (3Y) | -96.0% | -53.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVGN | GSM |
|---|---|---|
| 2022 | -57.3% | -38.0% |
| 2023 | +20.0% | +69.1% |
| 2024 | -77.7% | -40.9% |
| 2025 | -41.2% | +23.7% |
| 2026 | -51.1% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and GSM good diversifiers for each other?
Reasonably. At 0.33, EVGN and GSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVGN and GSM?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.44 over the last year and 0.24 over 5 years.
Is GSM a good diversifier for EVGN?
Reasonably. At 0.33, EVGN and GSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/evgn-vs-gsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evgn-vs-gsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVGN correlations · GSM correlations
