BESS vs GCL: Correlation
Bimergen Energy Corporation (BESS) and GCL Global Holdings Ltd (GCL) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and GCL?
Over the past 3 years, BESS and GCL moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.16 versus -0.41 over 3 years. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -181963.7 %².
GCL is close to the least connected end of BESS's tracked universe, ranking #47 of 51. Their recent paths diverged sharply: over the last 12 months BESS outperformed by 30.6 percentage points (-50.4% for BESS against -81.0% for GCL). One caveat on sizing: BESS is 59.8 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.
BESS vs GCL: side by side
| BESS (Bimergen Energy Corporation) | GCL (GCL Global Holdings Ltd) | |
|---|---|---|
| 1-year return | -50.4% | -81.0% |
| 5-year return | -87.7% | -93.2% |
| Volatility (ann.) | 5140.2% | 85.9% |
| Beta vs S&P 500 | 17.01 | 0.21 |
| Max drawdown (3Y) | -99.5% | -96.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | GCL |
|---|---|---|
| 2022 | -30.0% | – |
| 2023 | -14.3% | +6.1% |
| 2024 | +16.7% | +6.9% |
| 2025 | +7.1% | -90.7% |
| 2026 | -70.5% | -36.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and GCL good diversifiers for each other?
Yes. With a correlation of -0.41, BESS and GCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BESS and GCL?
As of 2026-08-27, the correlation of weekly returns between BESS and GCL is -0.41 over 3 years, 0.16 over 1 year and -0.41 over 5 years.
Is GCL a good diversifier for BESS?
Yes. With a correlation of -0.41, BESS and GCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BESS correlations · GCL correlations
