GRML vs REAX: Correlation
Greenland Mines Ltd (GRML) and Real REMAX Group Inc. (REAX) show a very strong relationship: their 3-year correlation of weekly returns is 0.95.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRML and REAX?
Over the past 3 years, GRML and REAX moved with a correlation of 0.95, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 1.00 lands near the 3-year figure. Over 5 years the correlation is 0.95, and the annualized covariance of weekly returns is 658002.4 %².
Few assets follow GRML as closely as REAX, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with GRML ahead by 263.4 points (+620.5% versus +357.1%). One caveat on sizing: GRML is 3.2 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.
GRML vs REAX: side by side
| GRML (Greenland Mines Ltd) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | +620.5% | +357.1% |
| 5-year return | -46.8% | +1133.9% |
| Volatility (ann.) | 1495.4% | 463.3% |
| Beta vs S&P 500 | 2.17 | 1.90 |
| Max drawdown (3Y) | -99.0% | -76.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRML | REAX |
|---|---|---|
| 2022 | – | -71.5% |
| 2023 | +6.3% | +52.4% |
| 2024 | -95.5% | +187.5% |
| 2025 | -40.4% | -20.7% |
| 2026 | +1720.1% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRML and REAX good diversifiers for each other?
No: a correlation of 0.95 means GRML and REAX tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GRML and REAX?
Using weekly returns as of 2026-08-27: 0.95 over 3 years, with 1.00 over the last year and 0.95 over 5 years.
Is REAX a good diversifier for GRML?
No: a correlation of 0.95 means GRML and REAX tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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
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Related comparisons
Hubs: GRML correlations · REAX correlations
