GRAL vs VATE: Correlation
GRAIL, Inc. (GRAL) and INNOVATE Corp. (VATE) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRAL and VATE?
Across a 3-year window, the weekly returns of GRAL and VATE correlate at 0.40, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 5404.1 %².
By 3-year correlation, VATE places #6 of the 15 assets tracked against GRAL. The last year tells two different stories: GRAL led by 99.5 percentage points, +145.3% for GRAL against +45.8% for VATE.
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 VATE: side by side
| GRAL (GRAIL, Inc.) | VATE (INNOVATE Corp.) | |
|---|---|---|
| 1-year return | +145.3% | +45.8% |
| 5-year return | n/a | -79.2% |
| Volatility (ann.) | 103.8% | 122.7% |
| Beta vs S&P 500 | 2.60 | 2.14 |
| Max drawdown (3Y) | -62.9% | -81.0% |
| Market cap | $3.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRAL | VATE |
|---|---|---|
| 2022 | – | -49.5% |
| 2023 | – | -34.2% |
| 2024 | – | -59.8% |
| 2025 | +379.5% | -8.5% |
| 2026 | -3.6% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRAL and VATE good diversifiers for each other?
Reasonably. At 0.40, GRAL and VATE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRAL and VATE?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is VATE a good diversifier for GRAL?
Reasonably. At 0.40, GRAL and VATE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/gral-vs-vate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gral-vs-vate/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRAL correlations · VATE correlations
