GMM vs TOYO: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and TOYO Co., Ltd (TOYO) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and TOYO?
Over the past 3 years, GMM and TOYO moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.01 versus 0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 32577.5 %².
By 3-year correlation, TOYO places #15 of the 21 assets tracked against GMM. Their recent paths diverged sharply: over the last 12 months TOYO outperformed by 83.9 percentage points (-97.5% for GMM against -13.6% for TOYO). Risk is not evenly split, since GMM carries 10.2 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 TOYO: side by side
| GMM (Global Mofy AI Limited - Class A) | TOYO (TOYO Co., Ltd) | |
|---|---|---|
| 1-year return | -97.5% | -13.6% |
| 5-year return | n/a | -54.4% |
| Volatility (ann.) | 1098.3% | 107.7% |
| Beta vs S&P 500 | 2.95 | 0.34 |
| Max drawdown (3Y) | -99.7% | -86.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | TOYO |
|---|---|---|
| 2023 | – | +8.0% |
| 2024 | -30.5% | -69.3% |
| 2025 | -69.6% | +73.4% |
| 2026 | -95.4% | -23.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and TOYO good diversifiers for each other?
Reasonably. At 0.27, GMM and TOYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GMM and TOYO?
As of 2026-08-27, the correlation of weekly returns between GMM and TOYO is 0.27 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is TOYO a good diversifier for GMM?
Reasonably. At 0.27, GMM and TOYO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/gmm-vs-toyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gmm-vs-toyo/)
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Related comparisons
Hubs: GMM correlations · TOYO correlations
