FNKO vs GOOD: Correlation
Measured on weekly returns over the past three years, Funko, Inc. (FNKO) and Gl (GOOD) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNKO and GOOD?
On 3 years of weekly data the FNKO/GOOD correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 720.0 %².
GOOD is one of the assets that tracks FNKO most closely: it ranks #3 out of the 12 assets we track against FNKO. Their recent paths diverged sharply: over the last 12 months FNKO outperformed by 93.0 percentage points (+101.2% for FNKO against +8.2% for GOOD). One caveat on sizing: FNKO is 3.1 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.
FNKO vs GOOD: side by side
| FNKO (Funko, Inc.) | GOOD (Gl) | |
|---|---|---|
| 1-year return | +101.2% | +8.2% |
| 5-year return | -63.9% | -11.7% |
| Volatility (ann.) | 70.2% | 22.3% |
| Beta vs S&P 500 | 1.95 | 0.67 |
| Max drawdown (3Y) | -83.0% | -35.3% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | – | 51.9 |
| Dividend yield | 0.00% | 9.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNKO | GOOD |
|---|---|---|
| 2022 | -42.0% | -22.5% |
| 2023 | -29.1% | -21.6% |
| 2024 | +73.2% | +33.3% |
| 2025 | -74.6% | -28.1% |
| 2026 | +98.2% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNKO and GOOD good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNKO and GOOD?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.50 over the last year and 0.38 over 5 years.
Is GOOD a good diversifier for FNKO?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnko-vs-good.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnko-vs-good/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNKO correlations · GOOD correlations
