GOOD vs LAND: Correlation
How closely do Gl (GOOD) and Gl (LAND) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOD and LAND?
Over the past 3 years, GOOD and LAND moved with a correlation of 0.56, which is moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.56). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 330.5 %².
Among the 16 assets we track against GOOD, LAND ranks #6 by 3-year correlation. On 12-month performance GOOD holds a 5.1-point edge, +8.2% against +3.1%.
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.
GOOD vs LAND: side by side
| GOOD (Gl) | LAND (Gl) | |
|---|---|---|
| 1-year return | +8.2% | +3.1% |
| 5-year return | -11.7% | -53.7% |
| Volatility (ann.) | 22.3% | 26.6% |
| Beta vs S&P 500 | 0.67 | 0.52 |
| Max drawdown (3Y) | -35.3% | -41.6% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | 51.9 | – |
| Dividend yield | 9.22% | 6.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOD | LAND |
|---|---|---|
| 2022 | -22.5% | -44.4% |
| 2023 | -21.6% | -18.5% |
| 2024 | +33.3% | -21.6% |
| 2025 | -28.1% | -10.7% |
| 2026 | +29.9% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD and LAND good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GOOD and LAND?
As of 2026-08-27, the correlation of weekly returns between GOOD and LAND is 0.56 over 3 years, 0.43 over 1 year and 0.58 over 5 years.
Is LAND a good diversifier for GOOD?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/good-vs-land.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/good-vs-land/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOOD correlations · LAND correlations
