GMHS vs VATE: Correlation
Gamehaus Holdings Inc. - Class A (GMHS) and INNOVATE Corp. (VATE) 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 GMHS and VATE?
On 3 years of weekly data the GMHS/VATE correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2686.5 %².
Among the 28 assets we track against GMHS, VATE ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VATE ahead by 80.9 points (-35.1% versus +45.8%).
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 VATE: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | VATE (INNOVATE Corp.) | |
|---|---|---|
| 1-year return | -35.1% | +45.8% |
| 5-year return | n/a | -79.2% |
| Volatility (ann.) | 86.7% | 122.7% |
| Beta vs S&P 500 | -0.16 | 2.14 |
| Max drawdown (3Y) | -95.8% | -81.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMHS | VATE |
|---|---|---|
| 2022 | – | -49.5% |
| 2023 | – | -34.2% |
| 2024 | +8.1% | -59.8% |
| 2025 | -91.6% | -8.5% |
| 2026 | -23.0% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and VATE 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 GMHS and VATE?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.17 over the last year and n/a over 5 years.
Is VATE a good diversifier for GMHS?
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?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: GMHS correlations · VATE correlations
