GMEX vs KRRO: Correlation
Measured on weekly returns over the past three years, GMEX ROBOTICS CORPORATION - Class A (GMEX) and Korro Bio, Inc. (KRRO) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and KRRO?
Across a 3-year window, the weekly returns of GMEX and KRRO correlate at 0.27, weak. The past 12 months show a weaker link (0.11) than the 3-year average (0.27). Stretching to 5 years gives n/a, with an annualized covariance of 8674.9 %².
Within GMEX's tracked universe of 17 assets, KRRO comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KRRO ahead by 61.4 points (-100.0% versus -38.6%).
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.
GMEX vs KRRO: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | KRRO (Korro Bio, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -38.6% |
| 5-year return | n/a | -96.6% |
| Volatility (ann.) | 195.3% | 166.3% |
| Beta vs S&P 500 | 2.43 | 3.17 |
| Max drawdown (3Y) | -100.0% | -94.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 4710.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | KRRO |
|---|---|---|
| 2022 | – | -25.0% |
| 2023 | – | -75.1% |
| 2024 | +471.2% | -20.6% |
| 2025 | -99.6% | -79.0% |
| 2026 | -99.6% | +65.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and KRRO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GMEX and KRRO?
The GMEX/KRRO correlation stands at 0.27 on a 3-year window (1 year: 0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KRRO a good diversifier for GMEX?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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/gmex-vs-krro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gmex-vs-krro/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMEX correlations · KRRO correlations
