SDST vs TOP: Correlation
Measured on weekly returns over the past three years, Stardust Power Inc. (SDST) and TOP Financial Group Limited - Class A (TOP) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDST and TOP?
On 3 years of weekly data the SDST/TOP correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.54) runs below the 3-year figure (-0.27). The 5-year figure is -0.05, and annualized covariance runs at -7971.0 %².
Out of 10 assets tracked against SDST, TOP lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1308.6 percentage points (-90.7% for SDST against +1217.9% for TOP). Note the risk asymmetry: TOP runs 1.8 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.
SDST vs TOP: side by side
| SDST (Stardust Power Inc.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -90.7% | +1217.9% |
| 5-year return | -99.6% | -9.2% |
| Volatility (ann.) | 130.1% | 230.2% |
| Beta vs S&P 500 | 1.23 | 1.60 |
| Max drawdown (3Y) | -99.8% | -89.6% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDST | TOP |
|---|---|---|
| 2022 | +4.1% | – |
| 2023 | +9.5% | -22.5% |
| 2024 | -67.7% | -59.5% |
| 2025 | -91.5% | -34.3% |
| 2026 | -87.9% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDST and TOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SDST and TOP?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.54 over the last year and -0.05 over 5 years.
Is TOP a good diversifier for SDST?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/sdst-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sdst-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SDST correlations · TOP correlations
