GDC vs VRAX: Correlation
How closely do GD Culture Group Limited (GDC) and Virax Biolabs Group Limited (VRAX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDC and VRAX?
Across a 3-year window, the weekly returns of GDC and VRAX correlate at 0.33, moderate. The past 12 months show a weaker link (-0.08) than the 3-year average (0.33). Stretching to 5 years gives 0.27, with an annualized covariance of 9504.4 %².
Few assets follow GDC as closely as VRAX, which ranks #3 of 12 tracked partners. The last year tells two different stories: VRAX led by 19.6 percentage points, -99.8% for GDC against -80.2% for VRAX.
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.
GDC vs VRAX: side by side
| GDC (GD Culture Group Limited) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | -99.8% | -80.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 181.6% | 158.1% |
| Beta vs S&P 500 | 1.33 | 2.55 |
| Max drawdown (3Y) | -99.9% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDC | VRAX |
|---|---|---|
| 2022 | -93.5% | – |
| 2023 | +23.0% | -80.0% |
| 2024 | -26.5% | +54.1% |
| 2025 | +125.4% | -84.6% |
| 2026 | -99.8% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDC and VRAX good diversifiers for each other?
Reasonably. At 0.33, GDC and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDC and VRAX?
As of 2026-08-27, the correlation of weekly returns between GDC and VRAX is 0.33 over 3 years, -0.08 over 1 year and 0.27 over 5 years.
Is VRAX a good diversifier for GDC?
Reasonably. At 0.33, GDC and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdc-vs-vrax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdc-vs-vrax/)
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Related comparisons
Hubs: GDC correlations · VRAX correlations
