GVH vs WBUY: Correlation
How closely do Globavend Holdings Limited - Ord Shares (GVH) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GVH and WBUY?
Across a 3-year window, the weekly returns of GVH and WBUY correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.35 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 11090.5 %².
Few assets follow GVH as closely as WBUY, which ranks #2 of 15 tracked partners. The trailing year gives WBUY the advantage: -77.8% versus -72.6%, a 5.2-point spread.
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 WBUY: side by side
| GVH (Globavend Holdings Limited - Ord Shares) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -77.8% | -72.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 162.4% | 193.8% |
| Beta vs S&P 500 | 1.17 | 1.81 |
| Max drawdown (3Y) | -99.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GVH | WBUY |
|---|---|---|
| 2024 | -57.5% | -66.1% |
| 2025 | -98.9% | -93.7% |
| 2026 | -29.9% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GVH and WBUY good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GVH and WBUY?
The GVH/WBUY correlation stands at 0.35 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBUY a good diversifier for GVH?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gvh-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gvh-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GVH correlations · WBUY correlations
