FOXX vs GIGM: Correlation
Measured on weekly returns over the past three years, Foxx Development Holdings Inc. (FOXX) and GigaMedia Limited (GIGM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and GIGM?
Across a 3-year window, the weekly returns of FOXX and GIGM correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.20, with an annualized covariance of -645.4 %².
Within FOXX's tracked universe of 25 assets, GIGM comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GIGM outperformed by 46.1 percentage points (-54.3% for FOXX against -8.2% for GIGM). Note the risk asymmetry: FOXX runs 4.3 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.
FOXX vs GIGM: side by side
| FOXX (Foxx Development Holdings Inc.) | GIGM (GigaMedia Limited) | |
|---|---|---|
| 1-year return | -54.3% | -8.2% |
| 5-year return | n/a | -44.2% |
| Volatility (ann.) | 108.9% | 25.6% |
| Beta vs S&P 500 | -0.69 | 0.27 |
| Max drawdown (3Y) | -87.3% | -29.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | GIGM |
|---|---|---|
| 2022 | – | -46.2% |
| 2023 | +8.2% | +14.9% |
| 2024 | -48.4% | +11.5% |
| 2025 | -18.7% | -1.9% |
| 2026 | -40.9% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and GIGM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXX and GIGM?
As of 2026-08-27, the correlation of weekly returns between FOXX and GIGM is -0.23 over 3 years, -0.21 over 1 year and -0.20 over 5 years.
Is GIGM a good diversifier for FOXX?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/foxx-vs-gigm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/foxx-vs-gigm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXX correlations · GIGM correlations
