TOON vs VSME: Correlation
Kartoon Studios, Inc. (TOON) and VS Media Holdings Limited - Class A (VSME) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TOON and VSME?
On 3 years of weekly data the TOON/VSME correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.38). The 5-year figure is n/a, and annualized covariance runs at 5632.9 %².
By 3-year correlation, VSME places #5 of the 10 assets tracked against TOON. The last year tells two different stories: TOON led by 82.5 percentage points, -14.4% for TOON against -96.9% for VSME. One caveat on sizing: VSME is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TOON vs VSME: side by side
| TOON (Kartoon Studios, Inc.) | VSME (VS Media Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -14.4% | -96.9% |
| 5-year return | -96.0% | n/a |
| Volatility (ann.) | 70.7% | 209.9% |
| Beta vs S&P 500 | 1.54 | 2.59 |
| Max drawdown (3Y) | -73.2% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TOON | VSME |
|---|---|---|
| 2022 | -55.7% | – |
| 2023 | -70.1% | – |
| 2024 | -57.6% | -50.9% |
| 2025 | +22.0% | -92.2% |
| 2026 | -10.9% | -46.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TOON and VSME good diversifiers for each other?
Reasonably. At 0.38, TOON and VSME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TOON and VSME?
The TOON/VSME correlation stands at 0.38 on a 3-year window (1 year: 0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VSME a good diversifier for TOON?
Reasonably. At 0.38, TOON and VSME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/toon-vs-vsme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/toon-vs-vsme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TOON correlations · VSME correlations
