GMEX vs TSM: Correlation
Measured on weekly returns over the past three years, GMEX ROBOTICS CORPORATION - Class A (GMEX) and Taiwan Semiconductor Manufacturing Company Ltd. (TSM) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and TSM?
Over the past 3 years, GMEX and TSM moved with a correlation of 0.30, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2041.2 %².
Within GMEX's tracked universe of 17 assets, TSM comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TSM outperformed by 180.5 percentage points (-100.0% for GMEX against +80.5% for TSM). Note the risk asymmetry: GMEX runs 5.6 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.
GMEX vs TSM: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | TSM (Taiwan Semiconductor Manufacturing Company Ltd.) | |
|---|---|---|
| 1-year return | -100.0% | +80.5% |
| 5-year return | n/a | +289.6% |
| Volatility (ann.) | 195.3% | 34.9% |
| Beta vs S&P 500 | 2.43 | 1.59 |
| Max drawdown (3Y) | -100.0% | -36.8% |
| Market cap | – | $2,216.2B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 4710.28% | 6.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | TSM |
|---|---|---|
| 2022 | – | -36.7% |
| 2023 | – | +42.3% |
| 2024 | +471.2% | +92.6% |
| 2025 | -99.6% | +55.9% |
| 2026 | -99.6% | +41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and TSM good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GMEX and TSM?
The GMEX/TSM correlation stands at 0.30 on a 3-year window (1 year: 0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TSM a good diversifier for GMEX?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/gmex-vs-tsm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmex-vs-tsm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GMEX correlations · TSM correlations
