GDHG vs WOR: Correlation
How closely do Golden Heaven Group Holdings Ltd. - Class A (GDHG) and Worthington Enterprises, Inc. (WOR) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDHG and WOR?
On 3 years of weekly data the GDHG/WOR correlation comes out at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.30). The 5-year figure is n/a, and annualized covariance runs at 2092.5 %².
Among the 13 assets we track against GDHG, WOR ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WOR ahead by 64.3 points (-77.4% versus -13.1%). One caveat on sizing: GDHG is 5.9 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.
GDHG vs WOR: side by side
| GDHG (Golden Heaven Group Holdings Ltd. - Class A) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -77.4% | -13.1% |
| 5-year return | n/a | +73.3% |
| Volatility (ann.) | 203.3% | 34.7% |
| Beta vs S&P 500 | 1.20 | 0.83 |
| Max drawdown (3Y) | -100.0% | -42.4% |
| Market cap | – | $2.8B |
| P/E (trailing) | 0.0 | 18.5 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDHG | WOR |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | – | +91.6% |
| 2024 | -93.7% | -29.3% |
| 2025 | -99.8% | +30.3% |
| 2026 | -31.8% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDHG and WOR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDHG and WOR?
As of 2026-08-27, the correlation of weekly returns between GDHG and WOR is 0.30 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is WOR a good diversifier for GDHG?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GDHG correlations · WOR correlations
