GECC vs YCBD: Correlation
How closely do Great Elm Capital Corp. - Closed End Fund (GECC) and cbdMD, Inc. (YCBD) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GECC and YCBD?
Over the past 3 years, GECC and YCBD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -806.0 %².
YCBD is close to the least connected end of GECC's tracked universe, ranking #9 of 13. Over the last 12 months YCBD came out ahead by 7.7 percentage points (-36.2% against -28.5%). Note the risk asymmetry: YCBD runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GECC vs YCBD: side by side
| GECC (Great Elm Capital Corp. - Closed End Fund) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | -36.2% | -28.5% |
| 5-year return | -40.4% | -99.9% |
| Volatility (ann.) | 30.5% | 122.3% |
| Beta vs S&P 500 | 0.62 | 0.80 |
| Max drawdown (3Y) | -54.0% | -95.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 21.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GECC | YCBD |
|---|---|---|
| 2022 | -47.4% | -79.0% |
| 2023 | +49.4% | -89.8% |
| 2024 | +18.9% | -63.9% |
| 2025 | -25.4% | -55.0% |
| 2026 | -6.2% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GECC and YCBD good diversifiers for each other?
Yes. With a correlation of -0.22, GECC and YCBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GECC and YCBD?
As of 2026-08-27, the correlation of weekly returns between GECC and YCBD is -0.22 over 3 years, -0.27 over 1 year and -0.07 over 5 years.
Is YCBD a good diversifier for GECC?
Yes. With a correlation of -0.22, GECC and YCBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/gecc-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gecc-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GECC correlations · YCBD correlations
