GORO vs VRAX: Correlation
Goldgroup Mining Inc. (GORO) and Virax Biolabs Group Limited (VRAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GORO and VRAX?
Over the past 3 years, GORO and VRAX moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.35). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 8503.3 %².
By 3-year correlation, VRAX places #5 of the 12 assets tracked against GORO. The last year tells two different stories: GORO led by 101.7 percentage points, +21.5% for GORO against -80.2% for VRAX.
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.
GORO vs VRAX: side by side
| GORO (Goldgroup Mining Inc.) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | +21.5% | -80.2% |
| 5-year return | +215.8% | n/a |
| Volatility (ann.) | 154.1% | 158.1% |
| Beta vs S&P 500 | 1.39 | 2.55 |
| Max drawdown (3Y) | -75.0% | -98.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GORO | VRAX |
|---|---|---|
| 2022 | -73.3% | – |
| 2023 | -75.0% | -80.0% |
| 2024 | +450.0% | +54.1% |
| 2025 | +936.4% | -84.6% |
| 2026 | -16.9% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GORO and VRAX good diversifiers for each other?
Reasonably. At 0.35, GORO and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GORO and VRAX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.13 over the last year and 0.32 over 5 years.
Is VRAX a good diversifier for GORO?
Reasonably. At 0.35, GORO and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/goro-vs-vrax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goro-vs-vrax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GORO correlations · VRAX correlations
