GMM vs UAVS: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and AgEagle Aerial Systems, Inc. (UAVS) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and UAVS?
Over the past 3 years, GMM and UAVS moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.61). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 99342.3 %².
Among the 21 assets we track against GMM, UAVS ranks #5 by 3-year correlation. The last year tells two different stories: UAVS led by 55.2 percentage points, -97.5% for GMM against -42.3% for UAVS. Note the risk asymmetry: GMM runs 7.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UAVS: side by side
| GMM (Global Mofy AI Limited - Class A) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | -97.5% | -42.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 1098.3% | 145.0% |
| Beta vs S&P 500 | 2.95 | 2.34 |
| Max drawdown (3Y) | -99.7% | -99.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | UAVS |
|---|---|---|
| 2022 | – | -77.7% |
| 2023 | – | -71.4% |
| 2024 | -30.5% | -96.5% |
| 2025 | -69.6% | -76.7% |
| 2026 | -95.4% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and UAVS good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GMM and UAVS?
The GMM/UAVS correlation stands at 0.61 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UAVS a good diversifier for GMM?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmm-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GMM correlations · UAVS correlations
