GSUN vs TCX: Correlation
Measured on weekly returns over the past three years, Golden Sun Technology Group Limited - Class A (GSUN) and Tucows Inc. (TCX) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSUN and TCX?
Across a 3-year window, the weekly returns of GSUN and TCX correlate at 0.43, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.43). Stretching to 5 years gives 0.29, with an annualized covariance of 3762.3 %².
Few assets follow GSUN as closely as TCX, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with TCX ahead by 40.6 points (-87.9% versus -47.3%). Note the risk asymmetry: GSUN runs 1.7 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.
GSUN vs TCX: side by side
| GSUN (Golden Sun Technology Group Limited - Class A) | TCX (Tucows Inc.) | |
|---|---|---|
| 1-year return | -87.9% | -47.3% |
| 5-year return | -99.8% | -86.5% |
| Volatility (ann.) | 120.6% | 72.4% |
| Beta vs S&P 500 | 1.12 | 1.23 |
| Max drawdown (3Y) | -98.1% | -69.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSUN | TCX |
|---|---|---|
| 2022 | – | -59.5% |
| 2023 | -46.3% | -20.4% |
| 2024 | -55.0% | -36.5% |
| 2025 | -57.2% | +30.8% |
| 2026 | -70.3% | -55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSUN and TCX good diversifiers for each other?
Reasonably. At 0.43, GSUN and TCX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSUN and TCX?
As of 2026-08-27, the correlation of weekly returns between GSUN and TCX is 0.43 over 3 years, 0.56 over 1 year and 0.29 over 5 years.
Is TCX a good diversifier for GSUN?
Reasonably. At 0.43, GSUN and TCX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: GSUN correlations · TCX correlations
