GOOS vs IAE: Correlation
Measured on weekly returns over the past three years, Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) and Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOS and IAE?
Across a 3-year window, the weekly returns of GOOS and IAE correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.44, with an annualized covariance of 312.1 %².
Within GOOS's tracked universe of 12 assets, IAE comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IAE ahead by 80.5 points (-42.7% versus +37.8%). One caveat on sizing: GOOS is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GOOS vs IAE: side by side
| GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | |
|---|---|---|
| 1-year return | -42.7% | +37.8% |
| 5-year return | -79.0% | +84.4% |
| Volatility (ann.) | 46.5% | 16.5% |
| Beta vs S&P 500 | 0.88 | 0.72 |
| Max drawdown (3Y) | -57.7% | -16.2% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 18.8 | 3.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOS | IAE |
|---|---|---|
| 2022 | -51.9% | -14.0% |
| 2023 | -33.5% | +9.1% |
| 2024 | -15.4% | +13.4% |
| 2025 | +29.1% | +34.6% |
| 2026 | -37.5% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOS and IAE good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOOS and IAE?
As of 2026-08-27, the correlation of weekly returns between GOOS and IAE is 0.41 over 3 years, 0.55 over 1 year and 0.44 over 5 years.
Is IAE a good diversifier for GOOS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/goos-vs-iae.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goos-vs-iae/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOS correlations · IAE correlations
