GMM vs PASG: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and Passage Bio, Inc. (PASG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and PASG?
Across a 3-year window, the weekly returns of GMM and PASG correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.56 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 80856.5 %².
By 3-year correlation, PASG places #7 of the 21 assets tracked against GMM. The last year tells two different stories: PASG led by 59.0 percentage points, -97.5% for GMM against -38.5% for PASG. Risk is not evenly split, since GMM carries 8.6 times the volatility of the other side.
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.
GMM vs PASG: side by side
| GMM (Global Mofy AI Limited - Class A) | PASG (Passage Bio, Inc.) | |
|---|---|---|
| 1-year return | -97.5% | -38.5% |
| 5-year return | n/a | -98.1% |
| Volatility (ann.) | 1098.3% | 128.4% |
| Beta vs S&P 500 | 2.95 | 2.11 |
| Max drawdown (3Y) | -99.7% | -88.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | PASG |
|---|---|---|
| 2022 | – | -78.3% |
| 2023 | – | -26.8% |
| 2024 | -30.5% | -43.9% |
| 2025 | -69.6% | +4.1% |
| 2026 | -95.4% | -63.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and PASG good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GMM and PASG?
As of 2026-08-27, the correlation of weekly returns between GMM and PASG is 0.56 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is PASG a good diversifier for GMM?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmm-vs-pasg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmm-vs-pasg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMM correlations · PASG correlations
