AERT vs GMEX: Correlation
How closely do Aeries Technology, Inc. - Class A (AERT) and GMEX ROBOTICS CORPORATION - Class A (GMEX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AERT and GMEX?
On 3 years of weekly data the AERT/GMEX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -4634.9 %².
GMEX is close to the least connected end of AERT's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with AERT ahead by 111.5 points (+11.5% versus -100.0%). One caveat on sizing: GMEX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AERT vs GMEX: side by side
| AERT (Aeries Technology, Inc. - Class A) | GMEX (GMEX ROBOTICS CORPORATION - Class A) | |
|---|---|---|
| 1-year return | +11.5% | -100.0% |
| 5-year return | -91.2% | n/a |
| Volatility (ann.) | 108.4% | 195.3% |
| Beta vs S&P 500 | 0.78 | 2.43 |
| Max drawdown (3Y) | -97.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 4710.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AERT | GMEX |
|---|---|---|
| 2022 | +4.7% | – |
| 2023 | -75.5% | – |
| 2024 | -62.8% | +471.2% |
| 2025 | -44.5% | -99.6% |
| 2026 | +66.4% | -99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AERT and GMEX good diversifiers for each other?
Yes. With a correlation of -0.22, AERT and GMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AERT and GMEX?
As of 2026-08-27, the correlation of weekly returns between AERT and GMEX is -0.22 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is GMEX a good diversifier for AERT?
Yes. With a correlation of -0.22, AERT and GMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aert-vs-gmex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aert-vs-gmex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AERT correlations · GMEX correlations
