GDRX vs PARA: Correlation
How closely do GoodRx Holdings, Inc. (GDRX) and Banzai International, Inc. (PARA) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDRX and PARA?
Over the past 3 years, GDRX and PARA moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1452.7 %².
PARA is close to the least connected end of GDRX's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with GDRX ahead by 76.2 points (-22.0% versus -98.2%). One caveat on sizing: PARA is 1.8 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.
GDRX vs PARA: side by side
| GDRX (GoodRx Holdings, Inc.) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -22.0% | -98.2% |
| 5-year return | -90.5% | -100.0% |
| Volatility (ann.) | 62.1% | 114.5% |
| Beta vs S&P 500 | 1.14 | -0.02 |
| Max drawdown (3Y) | -79.3% | -100.0% |
| Market cap | $1.2B | – |
| P/E (trailing) | 58.5 | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDRX | PARA |
|---|---|---|
| 2022 | -85.7% | +3.7% |
| 2023 | +43.8% | -81.4% |
| 2024 | -30.6% | -98.4% |
| 2025 | -41.7% | -93.7% |
| 2026 | +29.5% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDRX and PARA good diversifiers for each other?
Yes. With a correlation of -0.20, GDRX and PARA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDRX and PARA?
As of 2026-08-27, the correlation of weekly returns between GDRX and PARA is -0.20 over 3 years, -0.17 over 1 year and -0.15 over 5 years.
Is PARA a good diversifier for GDRX?
Yes. With a correlation of -0.20, GDRX and PARA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/gdrx-vs-para.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdrx-vs-para/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDRX correlations · PARA correlations
