GSUN vs TOP: Correlation
How closely do Golden Sun Technology Group Limited - Class A (GSUN) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSUN and TOP?
Across a 3-year window, the weekly returns of GSUN and TOP correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.37 over 3 years. Stretching to 5 years gives 0.09, with an annualized covariance of 10411.7 %².
Within GSUN's tracked universe of 10 assets, TOP comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TOP ahead by 1305.8 points (-87.9% versus +1217.9%). One caveat on sizing: TOP is 1.9 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.
GSUN vs TOP: side by side
| GSUN (Golden Sun Technology Group Limited - Class A) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -87.9% | +1217.9% |
| 5-year return | -99.8% | -9.2% |
| Volatility (ann.) | 120.6% | 230.2% |
| Beta vs S&P 500 | 1.12 | 1.60 |
| Max drawdown (3Y) | -98.1% | -89.6% |
| Market cap | – | $1.9B |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSUN | TOP |
|---|---|---|
| 2023 | -46.3% | -22.5% |
| 2024 | -55.0% | -59.5% |
| 2025 | -57.2% | -34.3% |
| 2026 | -70.3% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSUN and TOP good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GSUN and TOP?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.56 over the last year and 0.09 over 5 years.
Is TOP a good diversifier for GSUN?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gsun-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gsun-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSUN correlations · TOP correlations
