GLAS vs YCBD: Correlation
How closely do Glass House Brands Inc. Subordinate Voting Shares (GLAS) and cbdMD, Inc. (YCBD) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and YCBD?
Over the past 3 years, GLAS and YCBD moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 3087.2 %².
Within GLAS's tracked universe of 11 assets, YCBD comes in at #4 by 3-year correlation. The last year tells two different stories: GLAS led by 47.2 percentage points, +18.7% for GLAS against -28.5% for YCBD. One caveat on sizing: YCBD is 1.9 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.
GLAS vs YCBD: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -28.5% |
| 5-year return | +124.8% | -99.9% |
| Volatility (ann.) | 62.8% | 122.3% |
| Beta vs S&P 500 | 0.87 | 0.80 |
| Max drawdown (3Y) | -61.4% | -95.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAS | YCBD |
|---|---|---|
| 2022 | -50.2% | -79.0% |
| 2023 | +147.6% | -89.8% |
| 2024 | +22.6% | -63.9% |
| 2025 | +52.6% | -55.0% |
| 2026 | +10.5% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and YCBD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLAS and YCBD?
The GLAS/YCBD correlation stands at 0.40 on a 3-year window (1 year: 0.71, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is YCBD a good diversifier for GLAS?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/glas-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glas-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLAS correlations · YCBD correlations
