CHR vs GECC: Correlation
How closely do Cheer Holding, Inc. - Class A (CHR) and Great Elm Capital Corp. - Closed End Fund (GECC) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and GECC?
Across a 3-year window, the weekly returns of CHR and GECC correlate at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.32 over 3 years. Stretching to 5 years gives 0.18, with an annualized covariance of 871.4 %².
GECC is one of the assets that tracks CHR most closely: it ranks #2 out of the 20 assets we track against CHR. Their recent paths diverged sharply: over the last 12 months GECC outperformed by 62.7 percentage points (-98.9% for CHR against -36.2% for GECC). Note the risk asymmetry: CHR runs 2.9 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.
CHR vs GECC: side by side
| CHR (Cheer Holding, Inc. - Class A) | GECC (Great Elm Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -98.9% | -36.2% |
| 5-year return | -100.0% | -40.4% |
| Volatility (ann.) | 89.2% | 30.5% |
| Beta vs S&P 500 | 0.17 | 0.62 |
| Max drawdown (3Y) | -99.8% | -54.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 21.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | GECC |
|---|---|---|
| 2022 | +23.7% | -47.4% |
| 2023 | -78.5% | +49.4% |
| 2024 | -20.7% | +18.9% |
| 2025 | -99.0% | -25.4% |
| 2026 | -52.6% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and GECC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHR and GECC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.45 over the last year and 0.18 over 5 years.
Is GECC a good diversifier for CHR?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/chr-vs-gecc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chr-vs-gecc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHR correlations · GECC correlations
