GPRK vs SHY: Correlation
How closely do Geopark Ltd (GPRK) and iShares 1-3 Year Treasury Bond ETF (SHY) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRK and SHY?
Over the past 3 years, GPRK and SHY moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.29). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -19.7 %².
Out of 14 assets tracked against GPRK, SHY lands near the bottom at #14. The last year tells two different stories: GPRK led by 51.5 percentage points, +54.0% for GPRK against +2.5% for SHY. Risk is not evenly split, since GPRK carries 26.9 times the volatility of the other side.
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.
GPRK vs SHY: side by side
| GPRK (Geopark Ltd) | SHY (iShares 1-3 Year Treasury Bond ETF) | |
|---|---|---|
| 1-year return | +54.0% | +2.5% |
| 5-year return | +1.9% | +9.6% |
| Volatility (ann.) | 43.1% | 1.6% |
| Beta vs S&P 500 | 0.41 | 0.00 |
| Max drawdown (3Y) | -47.8% | -1.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 1.16% | 3.65% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $25.1B |
| Sector / category | US Listed | ETF · Bonds |
SHY, iShares's Short Government fund, carries $25.1B under management, a 0.15% expense ratio, a 3.65% trailing dividend yield.
Year-by-year returns
| Year | GPRK | SHY |
|---|---|---|
| 2022 | +39.0% | -3.9% |
| 2023 | -41.5% | +4.2% |
| 2024 | +15.1% | +3.9% |
| 2025 | -16.8% | +5.0% |
| 2026 | +34.0% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRK and SHY good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GPRK and SHY?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.49 over the last year and -0.19 over 5 years.
Is SHY a good diversifier for GPRK?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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/gprk-vs-shy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gprk-vs-shy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPRK correlations · SHY correlations
