GRDX vs RECT: Correlation
GridAI Technologies Corp. (GRDX) and Rectitude Holdings Ltd (RECT) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRDX and RECT?
On 3 years of weekly data the GRDX/RECT correlation comes out at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.31 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 3270.0 %².
By 3-year correlation, RECT places #5 of the 10 assets tracked against GRDX. Correlation aside, the last 12 months split them widely, with GRDX ahead by 182.0 points (+109.9% versus -72.1%). Note the risk asymmetry: GRDX runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RECT: side by side
| GRDX (GridAI Technologies Corp.) | RECT (Rectitude Holdings Ltd) | |
|---|---|---|
| 1-year return | +109.9% | -72.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 157.9% | 65.0% |
| Beta vs S&P 500 | 1.09 | 0.67 |
| Max drawdown (3Y) | -97.7% | -85.4% |
| Market cap | – | – |
| P/E (trailing) | – | 6.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRDX | RECT |
|---|---|---|
| 2022 | -98.0% | – |
| 2023 | -96.6% | – |
| 2024 | -85.2% | – |
| 2025 | +149.7% | -74.1% |
| 2026 | -13.9% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRDX and RECT good diversifiers for each other?
Reasonably. At 0.31, GRDX and RECT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRDX and RECT?
As of 2026-08-27, the correlation of weekly returns between GRDX and RECT is 0.31 over 3 years, 0.18 over 1 year and n/a over 5 years.
Is RECT a good diversifier for GRDX?
Reasonably. At 0.31, GRDX and RECT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/grdx-vs-rect.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grdx-vs-rect/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRDX correlations · RECT correlations
