GSUN vs IPW: Correlation
Measured on weekly returns over the past three years, Golden Sun Technology Group Limited - Class A (GSUN) and iPower Inc. (IPW) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSUN and IPW?
Over the past 3 years, GSUN and IPW moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 19704.0 %².
IPW is one of the assets that tracks GSUN most closely: it ranks #3 out of the 10 assets we track against GSUN. The trailing year gives GSUN the advantage: -87.9% versus -98.6%, a 10.7-point spread. Risk is not evenly split, since IPW carries 3.4 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.
GSUN vs IPW: side by side
| GSUN (Golden Sun Technology Group Limited - Class A) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | -87.9% | -98.6% |
| 5-year return | -99.8% | -99.8% |
| Volatility (ann.) | 120.6% | 405.9% |
| Beta vs S&P 500 | 1.12 | 2.99 |
| Max drawdown (3Y) | -98.1% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSUN | IPW |
|---|---|---|
| 2022 | – | -83.2% |
| 2023 | -46.3% | +12.5% |
| 2024 | -55.0% | +85.1% |
| 2025 | -57.2% | -70.1% |
| 2026 | -70.3% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSUN and IPW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GSUN and IPW?
The GSUN/IPW correlation stands at 0.40 on a 3-year window (1 year: 0.57, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is IPW a good diversifier for GSUN?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: GSUN correlations · IPW correlations
