ABVC vs GIBO: Correlation
ABVC BioPharma, Inc. (ABVC) and GIBO Holdings Limited - Class A (GIBO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and GIBO?
Over the past 3 years, ABVC and GIBO moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3348.1 %².
Out of 10 assets tracked against ABVC, GIBO lands near the bottom at #10. The trailing year gives GIBO the advantage: -73.3% versus -62.4%, a 10.9-point spread.
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.
ABVC vs GIBO: side by side
| ABVC (ABVC BioPharma, Inc.) | GIBO (GIBO Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -73.3% | -62.4% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 106.7% | 116.5% |
| Beta vs S&P 500 | 1.35 | -0.40 |
| Max drawdown (3Y) | -85.0% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | GIBO |
|---|---|---|
| 2022 | -81.6% | – |
| 2023 | -81.4% | – |
| 2024 | -49.1% | +7.8% |
| 2025 | +261.0% | -99.9% |
| 2026 | -62.6% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and GIBO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABVC and GIBO?
As of 2026-08-27, the correlation of weekly returns between ABVC and GIBO is -0.27 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is GIBO a good diversifier for ABVC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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: ABVC correlations · GIBO correlations
