GCTS vs ORKA: Correlation
GCT Semiconductor Holding, Inc. (GCTS) and Oruka Therapeutics, Inc. (ORKA) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCTS and ORKA?
On 3 years of weekly data the GCTS/ORKA correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.20, and annualized covariance runs at -2790.4 %².
Out of 13 assets tracked against GCTS, ORKA lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with ORKA ahead by 489.1 points (+46.9% versus +536.0%). Risk is not evenly split, since GCTS carries 2.0 times the volatility of the other side.
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 ORKA: side by side
| GCTS (GCT Semiconductor Holding, Inc.) | ORKA (Oruka Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +46.9% | +536.0% |
| 5-year return | -80.5% | +390.4% |
| Volatility (ann.) | 165.0% | 80.7% |
| Beta vs S&P 500 | 2.00 | 0.66 |
| Max drawdown (3Y) | -97.7% | -77.8% |
| Market cap | $0.2B | $6.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCTS | ORKA |
|---|---|---|
| 2022 | +2.9% | +10.2% |
| 2023 | +3.6% | -28.3% |
| 2024 | -77.9% | +76.7% |
| 2025 | -48.5% | +56.3% |
| 2026 | +59.2% | +218.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCTS and ORKA good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between GCTS and ORKA?
The GCTS/ORKA correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is ORKA a good diversifier for GCTS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/gcts-vs-orka.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gcts-vs-orka/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GCTS correlations · ORKA correlations
