GSHD vs PVLA: Correlation
How closely do Goosehead Insurance, Inc. (GSHD) and Palvella Therapeutics, Inc. (PVLA) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and PVLA?
Over the past 3 years, GSHD and PVLA moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2369.1 %².
By 3-year correlation, PVLA places #9 of the 15 assets tracked against GSHD. The last year tells two different stories: PVLA led by 184.8 percentage points, -18.5% for GSHD against +166.3% for PVLA. Note the risk asymmetry: PVLA runs 1.9 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.
GSHD vs PVLA: side by side
| GSHD (Goosehead Insurance, Inc.) | PVLA (Palvella Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -18.5% | +166.3% |
| 5-year return | -47.2% | -62.3% |
| Volatility (ann.) | 55.1% | 105.3% |
| Beta vs S&P 500 | 0.42 | 0.24 |
| Max drawdown (3Y) | -72.2% | -77.6% |
| Market cap | $2.5B | $2.2B |
| P/E (trailing) | 51.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSHD | PVLA |
|---|---|---|
| 2022 | -73.6% | -72.5% |
| 2023 | +120.7% | -82.5% |
| 2024 | +41.5% | -17.6% |
| 2025 | -27.4% | +772.2% |
| 2026 | -4.3% | +43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and PVLA good diversifiers for each other?
Reasonably. At 0.41, GSHD and PVLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSHD and PVLA?
The GSHD/PVLA correlation stands at 0.41 on a 3-year window (1 year: 0.39, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PVLA a good diversifier for GSHD?
Reasonably. At 0.41, GSHD and PVLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/gshd-vs-pvla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gshd-vs-pvla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSHD correlations · PVLA correlations
