GNLX vs TDOC: Correlation
How closely do Genelux Corporation (GNLX) and Teladoc Health, Inc. (TDOC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLX and TDOC?
On 3 years of weekly data the GNLX/TDOC correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2021.9 %².
By 3-year correlation, TDOC places #6 of the 11 assets tracked against GNLX. Twelve-month performance is nearly a tie, at -20.9% for GNLX and -17.8% for TDOC. Note the risk asymmetry: GNLX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TDOC: side by side
| GNLX (Genelux Corporation) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | -20.9% | -17.8% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 94.6% | 58.1% |
| Beta vs S&P 500 | 0.99 | 1.55 |
| Max drawdown (3Y) | -94.4% | -80.5% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLX | TDOC |
|---|---|---|
| 2022 | – | -74.2% |
| 2023 | – | -8.9% |
| 2024 | -83.2% | -57.8% |
| 2025 | +84.7% | -23.0% |
| 2026 | -33.9% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLX and TDOC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNLX and TDOC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.30 over the last year and n/a over 5 years.
Is TDOC a good diversifier for GNLX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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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Related comparisons
Hubs: GNLX correlations · TDOC correlations
