GBFH vs TCX: Correlation
Measured on weekly returns over the past three years, GBank Financial Holdings Inc. (GBFH) and Tucows Inc. (TCX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and TCX?
On 3 years of weekly data the GBFH/TCX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.27 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1042.7 %².
Within GBFH's tracked universe of 18 assets, TCX comes in at #12 by 3-year correlation. Their 12-month results are close: -50.5% for GBFH against -47.3% for TCX.
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.
GBFH vs TCX: side by side
| GBFH (GBank Financial Holdings Inc.) | TCX (Tucows Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -47.3% |
| 5-year return | n/a | -86.5% |
| Volatility (ann.) | 49.3% | 72.4% |
| Beta vs S&P 500 | 1.11 | 1.23 |
| Max drawdown (3Y) | -53.8% | -69.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | TCX |
|---|---|---|
| 2022 | – | -59.5% |
| 2023 | – | -20.4% |
| 2024 | – | -36.5% |
| 2025 | -21.2% | +30.8% |
| 2026 | -40.0% | -55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and TCX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GBFH and TCX?
As of 2026-08-27, the correlation of weekly returns between GBFH and TCX is -0.27 over 3 years, -0.49 over 1 year and n/a over 5 years.
Is TCX a good diversifier for GBFH?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gbfh-vs-tcx.json
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Related comparisons
Hubs: GBFH correlations · TCX correlations
