GDHG vs VIVO: Correlation
Measured on weekly returns over the past three years, Golden Heaven Group Holdings Ltd. - Class A (GDHG) and VivoPower PLC - Class A (VIVO) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDHG and VIVO?
On 3 years of weekly data the GDHG/VIVO correlation comes out at 0.31, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.31). The 5-year figure is n/a, and annualized covariance runs at 16304.9 %².
Within GDHG's tracked universe of 13 assets, VIVO comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VIVO outperformed by 53.6 percentage points (-77.4% for GDHG against -23.8% for VIVO).
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.
GDHG vs VIVO: side by side
| GDHG (Golden Heaven Group Holdings Ltd. - Class A) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -77.4% | -23.8% |
| 5-year return | n/a | -92.6% |
| Volatility (ann.) | 203.3% | 256.4% |
| Beta vs S&P 500 | 1.20 | 0.31 |
| Max drawdown (3Y) | -100.0% | -89.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDHG | VIVO |
|---|---|---|
| 2022 | – | -91.9% |
| 2023 | – | -21.5% |
| 2024 | -93.7% | -31.1% |
| 2025 | -99.8% | +70.3% |
| 2026 | -31.8% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDHG and VIVO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDHG and VIVO?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is VIVO a good diversifier for GDHG?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/gdhg-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdhg-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDHG correlations · VIVO correlations
