GWAV vs WOOF: Correlation
How closely do Greenwave Technology Solutions, Inc. (GWAV) and Petco Health and Wellness Company, Inc. (WOOF) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWAV and WOOF?
Over the past 3 years, GWAV and WOOF moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 6876.3 %².
Among the 12 assets we track against GWAV, WOOF ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WOOF outperformed by 28.6 percentage points (-43.9% for GWAV against -15.3% for WOOF). Note the risk asymmetry: GWAV runs 2.5 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.
GWAV vs WOOF: side by side
| GWAV (Greenwave Technology Solutions, Inc.) | WOOF (Petco Health and Wellness Company, Inc.) | |
|---|---|---|
| 1-year return | -43.9% | -15.3% |
| 5-year return | -100.0% | -87.2% |
| Volatility (ann.) | 209.4% | 84.1% |
| Beta vs S&P 500 | 2.43 | 1.55 |
| Max drawdown (3Y) | -100.0% | -72.3% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 135.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWAV | WOOF |
|---|---|---|
| 2022 | -93.8% | -52.1% |
| 2023 | -35.9% | -66.7% |
| 2024 | -99.2% | +20.6% |
| 2025 | -93.2% | -26.2% |
| 2026 | -17.0% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWAV and WOOF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GWAV and WOOF?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.26 over the last year and 0.36 over 5 years.
Is WOOF a good diversifier for GWAV?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-woof.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gwav-vs-woof/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GWAV correlations · WOOF correlations
