GRAL vs NIVF: Correlation
How closely do GRAIL, Inc. (GRAL) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRAL and NIVF?
On 3 years of weekly data the GRAL/NIVF correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.46). The 5-year figure is n/a, and annualized covariance runs at 44043.5 %².
Few assets follow GRAL as closely as NIVF, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with GRAL ahead by 245.2 points (+145.3% versus -99.9%). One caveat on sizing: NIVF is 7.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GRAL vs NIVF: side by side
| GRAL (GRAIL, Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | +145.3% | -99.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 103.8% | 800.3% |
| Beta vs S&P 500 | 2.60 | 5.34 |
| Max drawdown (3Y) | -62.9% | -100.0% |
| Market cap | $3.7B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRAL | NIVF |
|---|---|---|
| 2023 | – | +6.9% |
| 2024 | – | -96.3% |
| 2025 | +379.5% | -99.3% |
| 2026 | -3.6% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRAL and NIVF good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRAL and NIVF?
The GRAL/NIVF correlation stands at 0.46 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NIVF a good diversifier for GRAL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: GRAL correlations · NIVF correlations
