GWAV vs SRG: Correlation
How closely do Greenwave Technology Solutions, Inc. (GWAV) and Seritage Growth Properties (SRG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWAV and SRG?
Across a 3-year window, the weekly returns of GWAV and SRG correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.08, with an annualized covariance of -1844.3 %².
SRG is close to the least connected end of GWAV's tracked universe, ranking #11 of 12. Their 12-month results are close: -43.9% for GWAV against -42.9% for SRG. Risk is not evenly split, since GWAV carries 4.9 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 SRG: side by side
| GWAV (Greenwave Technology Solutions, Inc.) | SRG (Seritage Growth Properties) | |
|---|---|---|
| 1-year return | -43.9% | -42.9% |
| 5-year return | -100.0% | -86.6% |
| Volatility (ann.) | 209.4% | 42.5% |
| Beta vs S&P 500 | 2.43 | 0.81 |
| Max drawdown (3Y) | -100.0% | -79.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWAV | SRG |
|---|---|---|
| 2022 | -93.8% | -10.9% |
| 2023 | -35.9% | -21.0% |
| 2024 | -99.2% | -55.9% |
| 2025 | -93.2% | -21.1% |
| 2026 | -17.0% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWAV and SRG good diversifiers for each other?
Yes. With a correlation of -0.21, GWAV and SRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GWAV and SRG?
The GWAV/SRG correlation stands at -0.21 on a 3-year window (1 year: 0.52, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is SRG a good diversifier for GWAV?
Yes. With a correlation of -0.21, GWAV and SRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gwav-vs-srg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gwav-vs-srg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GWAV correlations · SRG correlations
