GDC vs WLDS: Correlation
How closely do GD Culture Group Limited (GDC) and Wearable Devices Ltd. (WLDS) 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 WLDS?
On 3 years of weekly data the GDC/WLDS correlation comes out at 0.33, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.33). The 5-year figure is 0.28, and annualized covariance runs at 28555.7 %².
Within GDC's tracked universe of 12 assets, WLDS comes in at #4 by 3-year correlation. The last year tells two different stories: WLDS led by 23.3 percentage points, -99.8% for GDC against -76.5% for WLDS. Note the risk asymmetry: WLDS runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WLDS: side by side
| GDC (GD Culture Group Limited) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -99.8% | -76.5% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 181.6% | 475.5% |
| Beta vs S&P 500 | 1.33 | 3.22 |
| Max drawdown (3Y) | -99.9% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDC | WLDS |
|---|---|---|
| 2022 | -93.5% | – |
| 2023 | +23.0% | -21.1% |
| 2024 | -26.5% | -68.3% |
| 2025 | +125.4% | -86.9% |
| 2026 | -99.8% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDC and WLDS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDC and WLDS?
As of 2026-08-27, the correlation of weekly returns between GDC and WLDS is 0.33 over 3 years, 0.55 over 1 year and 0.28 over 5 years.
Is WLDS a good diversifier for GDC?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-wlds.json
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[](https://www.pairbook.io/pair/gdc-vs-wlds/)
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Related comparisons
Hubs: GDC correlations · WLDS correlations
