GNLN vs RSKD: Correlation
Greenlane Holdings, Inc. (GNLN) and Riskified Ltd. Class A (RSKD) 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 GNLN and RSKD?
Across a 3-year window, the weekly returns of GNLN and RSKD correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.17) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.04, with an annualized covariance of -1950.0 %².
RSKD is close to the least connected end of GNLN's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with RSKD ahead by 120.8 points (-89.2% versus +31.6%). Risk is not evenly split, since GNLN carries 6.1 times the volatility of the other side.
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 RSKD: side by side
| GNLN (Greenlane Holdings, Inc.) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | -89.2% | +31.6% |
| 5-year return | -100.0% | -81.3% |
| Volatility (ann.) | 231.5% | 38.0% |
| Beta vs S&P 500 | 2.48 | 1.09 |
| Max drawdown (3Y) | -100.0% | -42.2% |
| Market cap | – | $0.8B |
| P/E (trailing) | 0.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLN | RSKD |
|---|---|---|
| 2022 | -98.5% | -41.2% |
| 2023 | -82.0% | +1.3% |
| 2024 | -71.0% | +1.1% |
| 2025 | -99.9% | +5.1% |
| 2026 | -77.9% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLN and RSKD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNLN and RSKD?
The GNLN/RSKD correlation stands at -0.22 on a 3-year window (1 year: 0.17, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is RSKD a good diversifier for GNLN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
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.
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Hubs: GNLN correlations · RSKD correlations
