GME vs MXC: Correlation
GameStop Corporation (GME) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GME and MXC?
Over the past 3 years, GME and MXC moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.25 over 3 years. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -890.8 %².
MXC is close to the least connected end of GME's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 40.5 percentage points (-18.9% for GME against +21.6% for MXC).
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.
GME vs MXC: side by side
| GME (GameStop Corporation) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -18.9% | +21.6% |
| 5-year return | -65.1% | +7.2% |
| Volatility (ann.) | 57.6% | 62.1% |
| Beta vs S&P 500 | 0.61 | -0.31 |
| Max drawdown (3Y) | -63.2% | -60.6% |
| Market cap | $8.2B | – |
| P/E (trailing) | 13.4 | 13.0 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GME | MXC |
|---|---|---|
| 2022 | -50.2% | +33.0% |
| 2023 | -5.0% | -26.2% |
| 2024 | +78.8% | +24.6% |
| 2025 | -35.9% | -10.8% |
| 2026 | -9.1% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GME and MXC good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GME and MXC?
As of 2026-08-27, the correlation of weekly returns between GME and MXC is -0.25 over 3 years, -0.01 over 1 year and -0.05 over 5 years.
Is MXC a good diversifier for GME?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/gme-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gme-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GME correlations · MXC correlations
