GVH vs SYY: Correlation
How closely do Globavend Holdings Limited - Ord Shares (GVH) and Sysco (SYY) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GVH and SYY?
Over the past 3 years, GVH and SYY moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -749.5 %².
By 3-year correlation, SYY places #10 of the 15 assets tracked against GVH. Correlation aside, the last 12 months split them widely, with SYY ahead by 83.4 points (-77.8% versus +5.6%). One caveat on sizing: GVH is 8.0 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.
GVH vs SYY: side by side
| GVH (Globavend Holdings Limited - Ord Shares) | SYY (Sysco) | |
|---|---|---|
| 1-year return | -77.8% | +5.6% |
| 5-year return | n/a | +19.2% |
| Volatility (ann.) | 162.4% | 20.3% |
| Beta vs S&P 500 | 1.17 | 0.14 |
| Max drawdown (3Y) | -99.8% | -24.0% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | GVH | SYY |
|---|---|---|
| 2022 | – | -0.3% |
| 2023 | – | -1.7% |
| 2024 | -57.5% | +7.4% |
| 2025 | -98.9% | -1.0% |
| 2026 | -29.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GVH and SYY good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between GVH and SYY?
The GVH/SYY correlation stands at -0.23 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SYY a good diversifier for GVH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/gvh-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gvh-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GVH correlations · SYY correlations
