GXAI vs HTOO: Correlation
How closely do Gaxos.ai Inc. (GXAI) and Fusion Fuel Green PLC (HTOO) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXAI and HTOO?
Over the past 3 years, GXAI and HTOO moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.48). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 11598.4 %².
By 3-year correlation, HTOO places #5 of the 19 assets tracked against GXAI. Over the last 12 months HTOO came out ahead by 9.4 percentage points (-59.6% against -50.2%). Note the risk asymmetry: GXAI runs 1.5 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.
GXAI vs HTOO: side by side
| GXAI (Gaxos.ai Inc.) | HTOO (Fusion Fuel Green PLC) | |
|---|---|---|
| 1-year return | -59.6% | -50.2% |
| 5-year return | n/a | -99.5% |
| Volatility (ann.) | 191.3% | 126.6% |
| Beta vs S&P 500 | 0.51 | 0.90 |
| Max drawdown (3Y) | -93.5% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXAI | HTOO |
|---|---|---|
| 2022 | – | -46.5% |
| 2023 | – | -74.7% |
| 2024 | -37.0% | -49.7% |
| 2025 | -58.4% | -83.1% |
| 2026 | -24.1% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXAI and HTOO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GXAI and HTOO?
The GXAI/HTOO correlation stands at 0.48 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HTOO a good diversifier for GXAI?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gxai-vs-htoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gxai-vs-htoo/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: GXAI correlations · HTOO correlations
