FEED vs GPMT: Correlation
Measured on weekly returns over the past three years, ENvue Medical, Inc. (FEED) and Granite Point Mortgage Trust Inc. (GPMT) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and GPMT?
Across a 3-year window, the weekly returns of FEED and GPMT correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -1806.7 %².
Within FEED's tracked universe of 17 assets, GPMT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GPMT ahead by 36.9 points (-93.7% versus -56.8%). One caveat on sizing: FEED is 4.4 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.
FEED vs GPMT: side by side
| FEED (ENvue Medical, Inc.) | GPMT (Granite Point Mortgage Trust Inc.) | |
|---|---|---|
| 1-year return | -93.7% | -56.8% |
| 5-year return | -100.0% | -86.4% |
| Volatility (ann.) | 207.5% | 47.2% |
| Beta vs S&P 500 | 2.43 | 1.20 |
| Max drawdown (3Y) | -99.9% | -78.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 19.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEED | GPMT |
|---|---|---|
| 2022 | -75.8% | -48.3% |
| 2023 | -77.2% | +28.8% |
| 2024 | -48.7% | -49.0% |
| 2025 | -96.4% | -7.0% |
| 2026 | -84.1% | -51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and GPMT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEED and GPMT?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.21 over the last year and -0.08 over 5 years.
Is GPMT a good diversifier for FEED?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/feed-vs-gpmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/feed-vs-gpmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FEED correlations · GPMT correlations
