GLBE vs GRSD: Correlation
Global-E Online Ltd. (GLBE) and Grandstand Limited (GRSD) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLBE and GRSD?
On 3 years of weekly data the GLBE/GRSD correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.40 over 3. The 5-year figure is 0.21, and annualized covariance runs at 1098.3 %².
Among the 13 assets we track against GLBE, GRSD sits near the bottom by co-movement, at rank #10. The last year tells two different stories: GLBE led by 97.8 percentage points, +19.4% for GLBE against -78.4% for GRSD.
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.
GLBE vs GRSD: side by side
| GLBE (Global-E Online Ltd.) | GRSD (Grandstand Limited) | |
|---|---|---|
| 1-year return | +19.4% | -78.4% |
| 5-year return | -51.4% | -85.5% |
| Volatility (ann.) | 51.3% | 53.1% |
| Beta vs S&P 500 | 1.64 | 0.92 |
| Max drawdown (3Y) | -56.2% | -90.1% |
| Market cap | $6.6B | $0.1B |
| P/E (trailing) | 44.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLBE | GRSD |
|---|---|---|
| 2022 | -67.4% | -9.9% |
| 2023 | +92.0% | +6.6% |
| 2024 | +37.6% | +44.4% |
| 2025 | -27.9% | -61.2% |
| 2026 | +0.5% | -66.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLBE and GRSD good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GLBE and GRSD?
As of 2026-08-27, the correlation of weekly returns between GLBE and GRSD is 0.40 over 3 years, 0.32 over 1 year and 0.21 over 5 years.
Is GRSD a good diversifier for GLBE?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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
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Related comparisons
Hubs: GLBE correlations · GRSD correlations
