GMEX vs WELL: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) and Welltower (WELL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and WELL?
Across a 3-year window, the weekly returns of GMEX and WELL correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -878.1 %².
WELL is close to the least connected end of GMEX's tracked universe, ranking #13 of 17. The last year tells two different stories: WELL led by 144.9 percentage points, -100.0% for GMEX against +44.9% for WELL. One caveat on sizing: GMEX is 9.2 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.
GMEX vs WELL: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -100.0% | +44.9% |
| 5-year return | n/a | +214.9% |
| Volatility (ann.) | 195.3% | 21.2% |
| Beta vs S&P 500 | 2.43 | 0.30 |
| Max drawdown (3Y) | -100.0% | -13.0% |
| Market cap | – | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 4710.28% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | GMEX | WELL |
|---|---|---|
| 2022 | – | -21.2% |
| 2023 | – | +41.8% |
| 2024 | +471.2% | +43.1% |
| 2025 | -99.6% | +49.9% |
| 2026 | -99.6% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and WELL good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMEX and WELL?
The GMEX/WELL correlation stands at -0.21 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for GMEX?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmex-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gmex-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GMEX correlations · WELL correlations
