ATER vs GUG: Correlation
Measured on weekly returns over the past three years, Aterian, Inc. (ATER) and Guggenheim Active Allocation Fund (GUG) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATER and GUG?
Over the past 3 years, ATER and GUG moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.42 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 496.3 %².
Few assets follow ATER as closely as GUG, which ranks #2 of 10 tracked partners. The last year tells two different stories: GUG led by 66.6 percentage points, -61.2% for ATER against +5.4% for GUG. Note the risk asymmetry: ATER runs 7.0 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.
ATER vs GUG: side by side
| ATER (Aterian, Inc.) | GUG (Guggenheim Active Allocation Fund) | |
|---|---|---|
| 1-year return | -61.2% | +5.4% |
| 5-year return | -99.5% | +16.3% |
| Volatility (ann.) | 90.5% | 12.9% |
| Beta vs S&P 500 | 1.58 | 0.40 |
| Max drawdown (3Y) | -94.0% | -12.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATER | GUG |
|---|---|---|
| 2022 | -81.3% | -26.5% |
| 2023 | -54.7% | +20.7% |
| 2024 | -42.7% | +11.5% |
| 2025 | -71.0% | +13.1% |
| 2026 | -43.6% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATER and GUG good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATER and GUG?
The ATER/GUG correlation stands at 0.42 on a 3-year window (1 year: 0.57, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is GUG a good diversifier for ATER?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/ater-vs-gug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ater-vs-gug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATER correlations · GUG correlations
