GNLN vs GOVX: Correlation
Measured on weekly returns over the past three years, Greenlane Holdings, Inc. (GNLN) and GeoVax Labs, Inc. (GOVX) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLN and GOVX?
Across a 3-year window, the weekly returns of GNLN and GOVX correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.56 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 29615.6 %².
Few assets follow GNLN as closely as GOVX, which ranks #2 of 13 tracked partners. The trailing year gives GNLN the advantage: -89.2% versus -96.2%, a 7.0-point spread.
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.
GNLN vs GOVX: side by side
| GNLN (Greenlane Holdings, Inc.) | GOVX (GeoVax Labs, Inc.) | |
|---|---|---|
| 1-year return | -89.2% | -96.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 231.5% | 230.2% |
| Beta vs S&P 500 | 2.48 | 2.89 |
| Max drawdown (3Y) | -100.0% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | 0.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLN | GOVX |
|---|---|---|
| 2022 | -98.5% | -82.6% |
| 2023 | -82.0% | -42.7% |
| 2024 | -71.0% | -54.4% |
| 2025 | -99.9% | -93.1% |
| 2026 | -77.9% | -83.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLN and GOVX good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GNLN and GOVX?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with -0.04 over the last year and 0.39 over 5 years.
Is GOVX a good diversifier for GNLN?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnln-vs-govx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnln-vs-govx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNLN correlations · GOVX correlations
