GRDX vs KO: Correlation
How closely do GridAI Technologies Corp. (GRDX) and Coca-Cola Company (The) (KO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRDX and KO?
Across a 3-year window, the weekly returns of GRDX and KO correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -506.5 %².
KO is close to the least connected end of GRDX's tracked universe, ranking #8 of 10. The last year tells two different stories: GRDX led by 76.8 percentage points, +109.9% for GRDX against +33.1% for KO. Risk is not evenly split, since GRDX carries 10.3 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.
GRDX vs KO: side by side
| GRDX (GridAI Technologies Corp.) | KO (Coca-Cola Company (The)) | |
|---|---|---|
| 1-year return | +109.9% | +33.1% |
| 5-year return | -100.0% | +83.8% |
| Volatility (ann.) | 157.9% | 15.4% |
| Beta vs S&P 500 | 1.09 | 0.11 |
| Max drawdown (3Y) | -97.7% | -15.5% |
| Market cap | – | $383.2B |
| P/E (trailing) | – | 27.0 |
| Dividend yield | 0.00% | 2.31% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | GRDX | KO |
|---|---|---|
| 2022 | -98.0% | +10.6% |
| 2023 | -96.6% | -4.4% |
| 2024 | -85.2% | +8.9% |
| 2025 | +149.7% | +15.6% |
| 2026 | -13.9% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRDX and KO good diversifiers for each other?
Yes. With a correlation of -0.21, GRDX and KO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRDX and KO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.25 over the last year and -0.08 over 5 years.
Is KO a good diversifier for GRDX?
Yes. With a correlation of -0.21, GRDX and KO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/grdx-vs-ko.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grdx-vs-ko/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRDX correlations · KO correlations
