GOVX vs VRAX: Correlation
GeoVax Labs, Inc. (GOVX) and Virax Biolabs Group Limited (VRAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOVX and VRAX?
On 3 years of weekly data the GOVX/VRAX correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.41). The 5-year figure is 0.22, and annualized covariance runs at 15077.0 %².
Within GOVX's tracked universe of 16 assets, VRAX comes in at #6 by 3-year correlation. The last year tells two different stories: VRAX led by 16.0 percentage points, -96.2% for GOVX 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.
GOVX vs VRAX: side by side
| GOVX (GeoVax Labs, Inc.) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | -96.2% | -80.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 230.2% | 158.1% |
| Beta vs S&P 500 | 2.89 | 2.55 |
| Max drawdown (3Y) | -99.7% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOVX | VRAX |
|---|---|---|
| 2022 | -82.6% | – |
| 2023 | -42.7% | -80.0% |
| 2024 | -54.4% | +54.1% |
| 2025 | -93.1% | -84.6% |
| 2026 | -83.2% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOVX and VRAX good diversifiers for each other?
Reasonably. At 0.41, GOVX and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GOVX and VRAX?
As of 2026-08-27, the correlation of weekly returns between GOVX and VRAX is 0.41 over 3 years, 0.61 over 1 year and 0.22 over 5 years.
Is VRAX a good diversifier for GOVX?
Reasonably. At 0.41, GOVX and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/govx-vs-vrax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/govx-vs-vrax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOVX correlations · VRAX correlations
