GWAV vs RKDA: Correlation
How closely do Greenwave Technology Solutions, Inc. (GWAV) and Arcadia Biosciences, Inc. (RKDA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWAV and RKDA?
Over the past 3 years, GWAV and RKDA moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 11141.1 %².
In GWAV's tracked universe of 12 assets, RKDA sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months GWAV outperformed by 42.7 percentage points (-43.9% for GWAV against -86.6% for RKDA). Risk is not evenly split, since GWAV carries 2.1 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.
GWAV vs RKDA: side by side
| GWAV (Greenwave Technology Solutions, Inc.) | RKDA (Arcadia Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -43.9% | -86.6% |
| 5-year return | -100.0% | -99.5% |
| Volatility (ann.) | 209.4% | 100.4% |
| Beta vs S&P 500 | 2.43 | 1.40 |
| Max drawdown (3Y) | -100.0% | -93.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWAV | RKDA |
|---|---|---|
| 2022 | -93.8% | -73.9% |
| 2023 | -35.9% | -71.1% |
| 2024 | -99.2% | +89.1% |
| 2025 | -93.2% | -66.6% |
| 2026 | -17.0% | -74.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWAV and RKDA good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GWAV and RKDA?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.33 over the last year and 0.40 over 5 years.
Is RKDA a good diversifier for GWAV?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/gwav-vs-rkda.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gwav-vs-rkda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GWAV correlations · RKDA correlations
