CPOP vs MGF: Correlation
Pop Culture Group Co., Ltd - Class A (CPOP) and Aberdeen Government Markets Income Fund (MGF) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPOP and MGF?
Over the past 3 years, CPOP and MGF moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.22). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -249.1 %².
MGF is close to the least connected end of CPOP's tracked universe, ranking #12 of 16. The last year tells two different stories: MGF led by 98.7 percentage points, -97.0% for CPOP against +1.7% for MGF. Note the risk asymmetry: CPOP runs 14.7 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.
CPOP vs MGF: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | MGF (Aberdeen Government Markets Income Fund) | |
|---|---|---|
| 1-year return | -97.0% | +1.7% |
| 5-year return | -99.9% | -3.4% |
| Volatility (ann.) | 129.2% | 8.8% |
| Beta vs S&P 500 | 0.69 | 0.17 |
| Max drawdown (3Y) | -99.6% | -8.7% |
| Market cap | – | – |
| P/E (trailing) | – | 26.3 |
| Dividend yield | 0.00% | 8.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPOP | MGF |
|---|---|---|
| 2022 | -78.5% | -15.8% |
| 2023 | -86.3% | +3.8% |
| 2024 | +9.3% | +4.2% |
| 2025 | -64.1% | +6.3% |
| 2026 | -91.6% | +0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and MGF good diversifiers for each other?
Yes. With a correlation of -0.22, CPOP and MGF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPOP and MGF?
The CPOP/MGF correlation stands at -0.22 on a 3-year window (1 year: 0.00, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is MGF a good diversifier for CPOP?
Yes. With a correlation of -0.22, CPOP and MGF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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: CPOP correlations · MGF correlations
