FEMY vs GRCE: Correlation
Measured on weekly returns over the past three years, Femasys Inc. (FEMY) and Grace Therapeutics, Inc. (GRCE) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and GRCE?
On 3 years of weekly data the FEMY/GRCE correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.43). The 5-year figure is 0.37, and annualized covariance runs at 17286.6 %².
By 3-year correlation, GRCE places #5 of the 32 assets tracked against FEMY. Their recent paths diverged sharply: over the last 12 months GRCE outperformed by 31.6 percentage points (-61.2% for FEMY against -29.6% for GRCE). One caveat on sizing: FEMY is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FEMY vs GRCE: side by side
| FEMY (Femasys Inc.) | GRCE (Grace Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -61.2% | -29.6% |
| 5-year return | -98.0% | -88.8% |
| Volatility (ann.) | 509.3% | 78.2% |
| Beta vs S&P 500 | -0.49 | 0.95 |
| Max drawdown (3Y) | -97.2% | -60.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | GRCE |
|---|---|---|
| 2022 | -76.9% | -60.3% |
| 2023 | +8.3% | -3.7% |
| 2024 | +12.8% | +29.4% |
| 2025 | -47.6% | -7.5% |
| 2026 | -75.8% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and GRCE good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FEMY and GRCE?
The FEMY/GRCE correlation stands at 0.43 on a 3-year window (1 year: 0.07, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is GRCE a good diversifier for FEMY?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FEMY correlations · GRCE correlations
