GGR vs WHF: Correlation
Gogoro Inc. (GGR) and WhiteHorse Finance, Inc. - Closed End Fund (WHF) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGR and WHF?
On 3 years of weekly data the GGR/WHF correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.35). The 5-year figure is 0.29, and annualized covariance runs at 583.9 %².
Among the 10 assets we track against GGR, WHF ranks #5 by 3-year correlation. The last year tells two different stories: WHF led by 62.8 percentage points, -65.3% for GGR against -2.5% for WHF. One caveat on sizing: GGR is 3.2 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.
GGR vs WHF: side by side
| GGR (Gogoro Inc.) | WHF (WhiteHorse Finance, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -65.3% | -2.5% |
| 5-year return | -98.7% | -11.5% |
| Volatility (ann.) | 73.2% | 22.6% |
| Beta vs S&P 500 | 1.20 | 0.25 |
| Max drawdown (3Y) | -96.4% | -37.9% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 16.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGR | WHF |
|---|---|---|
| 2022 | -67.8% | -6.2% |
| 2023 | -18.9% | +6.3% |
| 2024 | -80.6% | -8.5% |
| 2025 | -72.6% | -15.4% |
| 2026 | -6.2% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR and WHF good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GGR and WHF?
The GGR/WHF correlation stands at 0.35 on a 3-year window (1 year: 0.54, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is WHF a good diversifier for GGR?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
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Related comparisons
Hubs: GGR correlations · WHF correlations
