GMEX vs WPC: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) and W. P. Carey Inc. REIT (WPC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and WPC?
On 3 years of weekly data the GMEX/WPC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.22). The 5-year figure is n/a, and annualized covariance runs at -882.7 %².
WPC is close to the least connected end of GMEX's tracked universe, ranking #17 of 17. Correlation aside, the last 12 months split them widely, with WPC ahead by 111.2 points (-100.0% versus +11.2%). One caveat on sizing: GMEX is 9.3 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 WPC: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | -100.0% | +11.2% |
| 5-year return | n/a | +23.0% |
| Volatility (ann.) | 195.3% | 20.9% |
| Beta vs S&P 500 | 2.43 | 0.30 |
| Max drawdown (3Y) | -100.0% | -19.6% |
| Market cap | – | $16.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 4710.28% | 5.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | WPC |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -9.9% |
| 2024 | +471.2% | -10.6% |
| 2025 | -99.6% | +25.0% |
| 2026 | -99.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and WPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GMEX and WPC?
As of 2026-08-27, the correlation of weekly returns between GMEX and WPC is -0.22 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is WPC a good diversifier for GMEX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmex-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GMEX correlations · WPC correlations
