GIBO vs RUN: Correlation
GIBO Holdings Limited - Class A (GIBO) and Sunrun Inc. (RUN) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and RUN?
On 3 years of weekly data the GIBO/RUN correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2552.6 %².
By 3-year correlation, RUN places #21 of the 33 assets tracked against GIBO. Their recent paths diverged sharply: over the last 12 months RUN outperformed by 19.7 percentage points (-62.4% for GIBO against -42.7% for RUN).
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.
GIBO vs RUN: side by side
| GIBO (GIBO Holdings Limited - Class A) | RUN (Sunrun Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -42.7% |
| 5-year return | n/a | -79.7% |
| Volatility (ann.) | 116.5% | 94.7% |
| Beta vs S&P 500 | -0.40 | 1.89 |
| Max drawdown (3Y) | -100.0% | -73.7% |
| Market cap | $0.1B | $2.2B |
| P/E (trailing) | – | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | RUN |
|---|---|---|
| 2022 | – | -30.0% |
| 2023 | – | -18.3% |
| 2024 | +7.8% | -52.9% |
| 2025 | -99.9% | +98.9% |
| 2026 | -38.3% | -50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and RUN good diversifiers for each other?
Yes. With a correlation of -0.23, GIBO and RUN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIBO and RUN?
As of 2026-08-27, the correlation of weekly returns between GIBO and RUN is -0.23 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is RUN a good diversifier for GIBO?
Yes. With a correlation of -0.23, GIBO and RUN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/gibo-vs-run.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gibo-vs-run/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIBO correlations · RUN correlations
