GLBS vs VNRX: Correlation
Globus Maritime Limited (GLBS) and VolitionRX Limited (VNRX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLBS and VNRX?
Across a 3-year window, the weekly returns of GLBS and VNRX correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.22). Stretching to 5 years gives -0.13, with an annualized covariance of -1574.5 %².
Among the 10 assets we track against GLBS, VNRX sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with GLBS ahead by 343.4 points (+247.1% versus -96.3%).
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.
GLBS vs VNRX: side by side
| GLBS (Globus Maritime Limited) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | +247.1% | -96.3% |
| 5-year return | +17.2% | -99.2% |
| Volatility (ann.) | 71.4% | 101.1% |
| Beta vs S&P 500 | 0.24 | 0.87 |
| Max drawdown (3Y) | -66.3% | -98.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLBS | VNRX |
|---|---|---|
| 2022 | -50.0% | -22.6% |
| 2023 | +152.4% | -70.4% |
| 2024 | -55.8% | -16.7% |
| 2025 | +49.6% | -56.7% |
| 2026 | +106.3% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLBS and VNRX good diversifiers for each other?
Yes. With a correlation of -0.22, GLBS and VNRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLBS and VNRX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.06 over the last year and -0.13 over 5 years.
Is VNRX a good diversifier for GLBS?
Yes. With a correlation of -0.22, GLBS and VNRX 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/glbs-vs-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glbs-vs-vnrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLBS correlations · VNRX correlations
