GNLX vs GRAL: Correlation
How closely do Genelux Corporation (GNLX) and GRAIL, Inc. (GRAL) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLX and GRAL?
On 3 years of weekly data the GNLX/GRAL correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.38). The 5-year figure is n/a, and annualized covariance runs at 3697.8 %².
GRAL is one of the assets that tracks GNLX most closely: it ranks #3 out of the 11 assets we track against GNLX. Their recent paths diverged sharply: over the last 12 months GRAL outperformed by 166.2 percentage points (-20.9% for GNLX against +145.3% for GRAL).
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.
GNLX vs GRAL: side by side
| GNLX (Genelux Corporation) | GRAL (GRAIL, Inc.) | |
|---|---|---|
| 1-year return | -20.9% | +145.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 94.6% | 103.8% |
| Beta vs S&P 500 | 0.99 | 2.60 |
| Max drawdown (3Y) | -94.4% | -62.9% |
| Market cap | $0.1B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLX | GRAL |
|---|---|---|
| 2024 | -83.2% | – |
| 2025 | +84.7% | +379.5% |
| 2026 | -33.9% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLX and GRAL good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GNLX and GRAL?
The GNLX/GRAL correlation stands at 0.38 on a 3-year window (1 year: 0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GRAL a good diversifier for GNLX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/gnlx-vs-gral.json
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Related comparisons
Hubs: GNLX correlations · GRAL correlations
