GYRE vs RENX: Correlation
How closely do Gyre Therapeutics, Inc. (GYRE) and RenX Enterprises Corp. (RENX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GYRE and RENX?
Across a 3-year window, the weekly returns of GYRE and RENX correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.36). Stretching to 5 years gives n/a, with an annualized covariance of 11031.3 %².
RENX is one of the assets that tracks GYRE most closely: it ranks #2 out of the 11 assets we track against GYRE. Correlation aside, the last 12 months split them widely, with GYRE ahead by 73.4 points (-17.6% versus -91.0%). Note the risk asymmetry: RENX runs 3.4 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.
GYRE vs RENX: side by side
| GYRE (Gyre Therapeutics, Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | -17.6% | -91.0% |
| 5-year return | -38.8% | n/a |
| Volatility (ann.) | 93.7% | 322.0% |
| Beta vs S&P 500 | 1.58 | 1.58 |
| Max drawdown (3Y) | -81.3% | -99.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GYRE | RENX |
|---|---|---|
| 2022 | +121.5% | – |
| 2023 | +422.0% | – |
| 2024 | -52.9% | -90.5% |
| 2025 | -41.7% | -92.5% |
| 2026 | -5.4% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GYRE and RENX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GYRE and RENX?
The GYRE/RENX correlation stands at 0.36 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RENX a good diversifier for GYRE?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GYRE correlations · RENX correlations
