GGB vs YYGH: Correlation
How closely do Gerdau S.A. (GGB) and YY Group Holding Limited - Class A (YYGH) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGB and YYGH?
Across a 3-year window, the weekly returns of GGB and YYGH correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.37 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1983.4 %².
By 3-year correlation, YYGH places #8 of the 13 assets tracked against GGB. The last year tells two different stories: GGB led by 157.1 percentage points, +57.2% for GGB against -99.9% for YYGH. Risk is not evenly split, since YYGH carries 4.2 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.
GGB vs YYGH: side by side
| GGB (Gerdau S.A.) | YYGH (YY Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +57.2% | -99.9% |
| 5-year return | +55.7% | n/a |
| Volatility (ann.) | 34.9% | 147.2% |
| Beta vs S&P 500 | 1.02 | 2.16 |
| Max drawdown (3Y) | -44.2% | -100.0% |
| Market cap | $9.2B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 17.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGB | YYGH |
|---|---|---|
| 2022 | +28.4% | – |
| 2023 | -1.9% | – |
| 2024 | -25.9% | – |
| 2025 | +30.9% | -89.3% |
| 2026 | +30.4% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGB and YYGH good diversifiers for each other?
Reasonably. At 0.37, GGB and YYGH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GGB and YYGH?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is YYGH a good diversifier for GGB?
Reasonably. At 0.37, GGB and YYGH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ggb-vs-yygh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ggb-vs-yygh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGB correlations · YYGH correlations
