GD vs PROP: Correlation
How closely do General Dynamics (GD) and Prairie Operating Co. (PROP) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and PROP?
On 3 years of weekly data the GD/PROP correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 722.5 %².
Within GD's tracked universe of 30 assets, PROP comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GD ahead by 97.3 points (+18.8% versus -78.5%). One caveat on sizing: PROP is 4.8 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.
GD vs PROP: side by side
| GD (General Dynamics) | PROP (Prairie Operating Co.) | |
|---|---|---|
| 1-year return | +18.8% | -78.5% |
| 5-year return | +111.9% | -99.1% |
| Volatility (ann.) | 21.1% | 101.6% |
| Beta vs S&P 500 | 0.52 | 1.03 |
| Max drawdown (3Y) | -22.5% | -97.0% |
| Market cap | $102.8B | $0.1B |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 1.62% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GD | PROP |
|---|---|---|
| 2022 | +21.7% | -98.2% |
| 2023 | +7.1% | +498.8% |
| 2024 | +3.5% | -27.2% |
| 2025 | +30.4% | -75.6% |
| 2026 | +14.4% | -68.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and PROP good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GD and PROP?
The GD/PROP correlation stands at 0.34 on a 3-year window (1 year: 0.36, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is PROP a good diversifier for GD?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/gd-vs-prop.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gd-vs-prop/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GD correlations · PROP correlations
