IAE vs TAOP: Correlation
How closely do Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) and Taoping Inc. (TAOP) 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 IAE and TAOP?
On 3 years of weekly data the IAE/TAOP correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.35). The 5-year figure is 0.33, and annualized covariance runs at 562.2 %².
TAOP is close to the least connected end of IAE's tracked universe, ranking #14 of 17. The last year tells two different stories: IAE led by 102.6 percentage points, +37.8% for IAE against -64.8% for TAOP. Note the risk asymmetry: TAOP runs 5.8 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.
IAE vs TAOP: side by side
| IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | TAOP (Taoping Inc.) | |
|---|---|---|
| 1-year return | +37.8% | -64.8% |
| 5-year return | +84.4% | -99.9% |
| Volatility (ann.) | 16.5% | 96.5% |
| Beta vs S&P 500 | 0.72 | 1.51 |
| Max drawdown (3Y) | -16.2% | -99.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAE | TAOP |
|---|---|---|
| 2022 | -14.0% | -65.6% |
| 2023 | +9.1% | -77.7% |
| 2024 | +13.4% | -71.0% |
| 2025 | +34.6% | -88.9% |
| 2026 | +29.9% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAE and TAOP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IAE and TAOP?
The IAE/TAOP correlation stands at 0.35 on a 3-year window (1 year: 0.19, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is TAOP a good diversifier for IAE?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/iae-vs-taop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iae-vs-taop/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IAE correlations · TAOP correlations
