GRDX vs TISI: Correlation
How closely do GridAI Technologies Corp. (GRDX) and Team, Inc. (TISI) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRDX and TISI?
On 3 years of weekly data the GRDX/TISI correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 3574.8 %².
Within GRDX's tracked universe of 10 assets, TISI comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GRDX outperformed by 86.9 percentage points (+109.9% for GRDX against +23.0% for TISI). Risk is not evenly split, since GRDX carries 2.2 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 TISI: side by side
| GRDX (GridAI Technologies Corp.) | TISI (Team, Inc.) | |
|---|---|---|
| 1-year return | +109.9% | +23.0% |
| 5-year return | -100.0% | -43.8% |
| Volatility (ann.) | 157.9% | 70.2% |
| Beta vs S&P 500 | 1.09 | 0.22 |
| Max drawdown (3Y) | -97.7% | -50.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRDX | TISI |
|---|---|---|
| 2022 | -98.0% | -51.8% |
| 2023 | -96.6% | +25.7% |
| 2024 | -85.2% | +92.1% |
| 2025 | +149.7% | +11.4% |
| 2026 | -13.9% | +69.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRDX and TISI good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRDX and TISI?
The GRDX/TISI correlation stands at 0.32 on a 3-year window (1 year: 0.32, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is TISI a good diversifier for GRDX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grdx-vs-tisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grdx-vs-tisi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRDX correlations · TISI correlations
