GRMN vs JDZG: Correlation
Garmin (GRMN) and JIADE LIMITED - Class A (JDZG) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRMN and JDZG?
On 3 years of weekly data the GRMN/JDZG correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.27) runs below the 3-year figure (-0.15). The 5-year figure is n/a, and annualized covariance runs at -1311.3 %².
Among the 36 assets we track against GRMN, JDZG ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GRMN outperformed by 124.4 percentage points (+25.1% for GRMN against -99.3% for JDZG). Note the risk asymmetry: JDZG runs 7.3 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.
GRMN vs JDZG: side by side
| GRMN (Garmin) | JDZG (JIADE LIMITED - Class A) | |
|---|---|---|
| 1-year return | +25.1% | -99.3% |
| 5-year return | +80.9% | n/a |
| Volatility (ann.) | 34.7% | 252.5% |
| Beta vs S&P 500 | 1.06 | 0.21 |
| Max drawdown (3Y) | -28.0% | -100.0% |
| Market cap | $55.9B | – |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GRMN | JDZG |
|---|---|---|
| 2022 | -30.2% | – |
| 2023 | +43.1% | – |
| 2024 | +63.3% | – |
| 2025 | -0.1% | -88.0% |
| 2026 | +44.1% | -98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRMN and JDZG good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between GRMN and JDZG?
As of 2026-08-27, the correlation of weekly returns between GRMN and JDZG is -0.15 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is JDZG a good diversifier for GRMN?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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.
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Related comparisons
Hubs: GRMN correlations · JDZG correlations
