GCTS vs NUVB: Correlation
How closely do GCT Semiconductor Holding, Inc. (GCTS) and Nuvation Bio Inc. (NUVB) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCTS and NUVB?
On 3 years of weekly data the GCTS/NUVB correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.37 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 5261.5 %².
Among the 13 assets we track against GCTS, NUVB ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NUVB ahead by 90.0 points (+46.9% versus +136.9%). One caveat on sizing: GCTS is 1.9 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.
GCTS vs NUVB: side by side
| GCTS (GCT Semiconductor Holding, Inc.) | NUVB (Nuvation Bio Inc.) | |
|---|---|---|
| 1-year return | +46.9% | +136.9% |
| 5-year return | -80.5% | -25.8% |
| Volatility (ann.) | 165.0% | 87.3% |
| Beta vs S&P 500 | 2.00 | 1.90 |
| Max drawdown (3Y) | -97.7% | -58.2% |
| Market cap | $0.2B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCTS | NUVB |
|---|---|---|
| 2022 | +2.9% | -77.4% |
| 2023 | +3.6% | -21.4% |
| 2024 | -77.9% | +76.2% |
| 2025 | -48.5% | +236.8% |
| 2026 | +59.2% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCTS and NUVB good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCTS and NUVB?
The GCTS/NUVB correlation stands at 0.37 on a 3-year window (1 year: 0.07, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is NUVB a good diversifier for GCTS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/gcts-vs-nuvb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gcts-vs-nuvb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GCTS correlations · NUVB correlations
