GIII vs NA: Correlation
G-III Apparel Group, LTD. (GIII) and Nano Labs Ltd - Class A (NA) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and NA?
On 3 years of weekly data the GIII/NA correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.20). The 5-year figure is -0.07, and annualized covariance runs at -1435.0 %².
By 3-year correlation, NA places #9 of the 14 assets tracked against GIII. The last year tells two different stories: GIII led by 90.0 percentage points, +24.7% for GIII against -65.3% for NA. Risk is not evenly split, since NA carries 4.6 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.
GIII vs NA: side by side
| GIII (G-III Apparel Group, LTD.) | NA (Nano Labs Ltd - Class A) | |
|---|---|---|
| 1-year return | +24.7% | -65.3% |
| 5-year return | +8.5% | -98.2% |
| Volatility (ann.) | 39.5% | 181.1% |
| Beta vs S&P 500 | 0.53 | 0.36 |
| Max drawdown (3Y) | -43.1% | -92.7% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.8 | 2.1 |
| Dividend yield | 0.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | NA |
|---|---|---|
| 2022 | -50.4% | – |
| 2023 | +147.8% | +57.4% |
| 2024 | -4.0% | -50.5% |
| 2025 | -10.9% | -64.8% |
| 2026 | +15.9% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and NA good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIII and NA?
The GIII/NA correlation stands at -0.20 on a 3-year window (1 year: -0.35, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is NA a good diversifier for GIII?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/giii-vs-na.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/giii-vs-na/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIII correlations · NA correlations
