GPAT vs PEW: Correlation
GP-Act III Acquisition Corp. - Class A (GPAT) and GrabAGun Digital Holdings Inc. (PEW) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPAT and PEW?
On 3 years of weekly data the GPAT/PEW correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.29). The 5-year figure is n/a, and annualized covariance runs at 52.5 %².
Within GPAT's tracked universe of 22 assets, PEW comes in at #7 by 3-year correlation. The last year tells two different stories: GPAT led by 60.5 percentage points, +3.4% for GPAT against -57.1% for PEW. Risk is not evenly split, since PEW carries 16.0 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.
GPAT vs PEW: side by side
| GPAT (GP-Act III Acquisition Corp. - Class A) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -57.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 3.2% | 51.2% |
| Beta vs S&P 500 | 0.05 | 0.44 |
| Max drawdown (3Y) | -2.1% | -86.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are GPAT and PEW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPAT and PEW?
As of 2026-08-27, the correlation of weekly returns between GPAT and PEW is 0.29 over 3 years, 0.51 over 1 year and n/a over 5 years.
Is PEW a good diversifier for GPAT?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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/gpat-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpat-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPAT correlations · PEW correlations
