GDYN vs LUNG: Correlation
Measured on weekly returns over the past three years, Grid Dynamics Holdings, Inc. (GDYN) and Pulmonx Corporation (LUNG) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDYN and LUNG?
Across a 3-year window, the weekly returns of GDYN and LUNG correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 2166.8 %².
By 3-year correlation, LUNG places #7 of the 16 assets tracked against GDYN. Their recent paths diverged sharply: over the last 12 months LUNG outperformed by 32.3 percentage points (-2.2% for GDYN against +30.1% for LUNG). Risk is not evenly split, since LUNG carries 1.8 times the volatility of the other side.
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.
GDYN vs LUNG: side by side
| GDYN (Grid Dynamics Holdings, Inc.) | LUNG (Pulmonx Corporation) | |
|---|---|---|
| 1-year return | -2.2% | +30.1% |
| 5-year return | -70.4% | -93.8% |
| Volatility (ann.) | 48.4% | 88.5% |
| Beta vs S&P 500 | 1.54 | 1.56 |
| Max drawdown (3Y) | -78.3% | -92.0% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 263.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDYN | LUNG |
|---|---|---|
| 2022 | -70.5% | -73.7% |
| 2023 | +18.8% | +51.2% |
| 2024 | +66.8% | -46.7% |
| 2025 | -59.4% | -67.5% |
| 2026 | -12.6% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDYN and LUNG good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GDYN and LUNG?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.56 over the last year and 0.41 over 5 years.
Is LUNG a good diversifier for GDYN?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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: GDYN correlations · LUNG correlations
