GAUZ vs LMAT: Correlation
Measured on weekly returns over the past three years, Gauzy Ltd. (GAUZ) and LeMaitre Vascular, Inc. (LMAT) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAUZ and LMAT?
Over the past 3 years, GAUZ and LMAT moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1301.0 %².
Out of 10 assets tracked against GAUZ, LMAT lands near the bottom at #9. The last year tells two different stories: LMAT led by 75.6 percentage points, -91.5% for GAUZ against -15.9% for LMAT. One caveat on sizing: GAUZ is 3.4 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.
GAUZ vs LMAT: side by side
| GAUZ (Gauzy Ltd.) | LMAT (LeMaitre Vascular, Inc.) | |
|---|---|---|
| 1-year return | -91.5% | -15.9% |
| 5-year return | n/a | +47.2% |
| Volatility (ann.) | 118.3% | 35.0% |
| Beta vs S&P 500 | 1.25 | 0.57 |
| Max drawdown (3Y) | -98.5% | -32.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAUZ | LMAT |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | – | +24.6% |
| 2024 | – | +63.6% |
| 2025 | -87.0% | -11.2% |
| 2026 | -65.0% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAUZ and LMAT good diversifiers for each other?
Yes. With a correlation of -0.32, GAUZ and LMAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GAUZ and LMAT?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.52 over the last year and n/a over 5 years.
Is LMAT a good diversifier for GAUZ?
Yes. With a correlation of -0.32, GAUZ and LMAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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.
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Related comparisons
Hubs: GAUZ correlations · LMAT correlations
