GBFH vs LEXX: Correlation
GBank Financial Holdings Inc. (GBFH) and Lexaria Bioscience Corp. (LEXX) show a negative relationship: their 3-year correlation of weekly returns is -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and LEXX?
On 3 years of weekly data the GBFH/LEXX correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.65) runs below the 3-year figure (-0.44). The 5-year figure is n/a, and annualized covariance runs at -14269.2 %².
LEXX is close to the least connected end of GBFH's tracked universe, ranking #17 of 18. Correlation aside, the last 12 months split them widely, with LEXX ahead by 1268.8 points (-50.5% versus +1218.3%). One caveat on sizing: LEXX is 11.3 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.
GBFH vs LEXX: side by side
| GBFH (GBank Financial Holdings Inc.) | LEXX (Lexaria Bioscience Corp.) | |
|---|---|---|
| 1-year return | -50.5% | +1218.3% |
| 5-year return | n/a | +89.6% |
| Volatility (ann.) | 49.3% | 559.5% |
| Beta vs S&P 500 | 1.11 | 1.66 |
| Max drawdown (3Y) | -53.8% | -95.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | LEXX |
|---|---|---|
| 2022 | – | -39.0% |
| 2023 | – | -49.2% |
| 2024 | – | +68.0% |
| 2025 | -21.2% | -70.6% |
| 2026 | -40.0% | +1793.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and LEXX good diversifiers for each other?
Yes. With a correlation of -0.44, GBFH and LEXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GBFH and LEXX?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.65 over the last year and n/a over 5 years.
Is LEXX a good diversifier for GBFH?
Yes. With a correlation of -0.44, GBFH and LEXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/gbfh-vs-lexx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gbfh-vs-lexx/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: GBFH correlations · LEXX correlations
