CISO vs GMED: Correlation
CISO Global, Inc. (CISO) and Globus Medical, Inc. (GMED) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISO and GMED?
On 3 years of weekly data the CISO/GMED correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -1187.4 %².
Out of 10 assets tracked against CISO, GMED lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months GMED outperformed by 110.2 percentage points (-76.0% for CISO against +34.2% for GMED). Risk is not evenly split, since CISO carries 3.1 times the volatility of the other side.
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.
CISO vs GMED: side by side
| CISO (CISO Global, Inc.) | GMED (Globus Medical, Inc.) | |
|---|---|---|
| 1-year return | -76.0% | +34.2% |
| 5-year return | -99.7% | +0.4% |
| Volatility (ann.) | 130.3% | 41.6% |
| Beta vs S&P 500 | 1.40 | 0.74 |
| Max drawdown (3Y) | -93.9% | -44.4% |
| Market cap | – | $11.1B |
| P/E (trailing) | – | 21.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISO | GMED |
|---|---|---|
| 2022 | – | +2.9% |
| 2023 | -96.0% | -28.2% |
| 2024 | +126.8% | +55.2% |
| 2025 | -86.2% | +5.6% |
| 2026 | -53.1% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISO and GMED good diversifiers for each other?
Yes. With a correlation of -0.22, CISO and GMED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CISO and GMED?
The CISO/GMED correlation stands at -0.22 on a 3-year window (1 year: -0.12, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is GMED a good diversifier for CISO?
Yes. With a correlation of -0.22, CISO and GMED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
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Related comparisons
Hubs: CISO correlations · GMED correlations
