GVH vs SY: Correlation
Globavend Holdings Limited - Ord Shares (GVH) and So-Young International Inc. - American Depository Shares (SY) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GVH and SY?
Across a 3-year window, the weekly returns of GVH and SY correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.32). Stretching to 5 years gives n/a, with an annualized covariance of -5210.0 %².
Out of 15 assets tracked against GVH, SY lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months SY outperformed by 36.8 percentage points (-77.8% for GVH against -41.0% for SY). Note the risk asymmetry: GVH runs 1.6 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.
GVH vs SY: side by side
| GVH (Globavend Holdings Limited - Ord Shares) | SY (So-Young International Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | -77.8% | -41.0% |
| 5-year return | n/a | -54.5% |
| Volatility (ann.) | 162.4% | 99.6% |
| Beta vs S&P 500 | 1.17 | 1.08 |
| Max drawdown (3Y) | -99.8% | -77.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GVH | SY |
|---|---|---|
| 2022 | – | -59.6% |
| 2023 | – | +0.0% |
| 2024 | -57.5% | -32.1% |
| 2025 | -98.9% | +219.0% |
| 2026 | -29.9% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GVH and SY good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between GVH and SY?
As of 2026-08-27, the correlation of weekly returns between GVH and SY is -0.32 over 3 years, -0.10 over 1 year and n/a over 5 years.
Is SY a good diversifier for GVH?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/gvh-vs-sy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gvh-vs-sy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GVH correlations · SY correlations
