GMHS vs ICON: Correlation
Measured on weekly returns over the past three years, Gamehaus Holdings Inc. - Class A (GMHS) and Icon Energy Corp. (ICON) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and ICON?
Across a 3-year window, the weekly returns of GMHS and ICON correlate at 0.32, moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.32). Stretching to 5 years gives n/a, with an annualized covariance of 3766.0 %².
Among the 28 assets we track against GMHS, ICON ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GMHS ahead by 56.0 points (-35.1% versus -91.1%).
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.
GMHS vs ICON: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | ICON (Icon Energy Corp.) | |
|---|---|---|
| 1-year return | -35.1% | -91.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 86.7% | 114.3% |
| Beta vs S&P 500 | -0.16 | 2.01 |
| Max drawdown (3Y) | -95.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMHS | ICON |
|---|---|---|
| 2024 | +8.1% | – |
| 2025 | -91.6% | -99.2% |
| 2026 | -23.0% | -71.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and ICON good diversifiers for each other?
Reasonably. At 0.32, GMHS and ICON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GMHS and ICON?
As of 2026-08-27, the correlation of weekly returns between GMHS and ICON is 0.32 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is ICON a good diversifier for GMHS?
Reasonably. At 0.32, GMHS and ICON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/gmhs-vs-icon.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gmhs-vs-icon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMHS correlations · ICON correlations
