GDEV vs LAC: Correlation
Measured on weekly returns over the past three years, GDEV Inc. (GDEV) and Lithium Americas Corp. (LAC) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDEV and LAC?
Over the past 3 years, GDEV and LAC moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.33 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2659.7 %².
In GDEV's tracked universe of 11 assets, LAC sits right near the top at #2. Correlation aside, the last 12 months split them widely, with LAC ahead by 30.6 points (-24.2% versus +6.4%).
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.
GDEV vs LAC: side by side
| GDEV (GDEV Inc.) | LAC (Lithium Americas Corp.) | |
|---|---|---|
| 1-year return | -24.2% | +6.4% |
| 5-year return | -84.9% | n/a |
| Volatility (ann.) | 87.8% | 93.5% |
| Beta vs S&P 500 | 1.24 | 1.37 |
| Max drawdown (3Y) | -77.9% | -81.8% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | 2.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDEV | LAC |
|---|---|---|
| 2022 | -20.8% | – |
| 2023 | -65.4% | – |
| 2024 | -12.5% | -53.6% |
| 2025 | -6.3% | +46.8% |
| 2026 | -28.0% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDEV and LAC 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 GDEV and LAC?
The GDEV/LAC correlation stands at 0.33 on a 3-year window (1 year: 0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LAC a good diversifier for GDEV?
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?
A reading of 0.33 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/gdev-vs-lac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdev-vs-lac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDEV correlations · LAC correlations
