GH vs W: Correlation
Measured on weekly returns over the past three years, Guardant Health, Inc. (GH) and Wayfair Inc. (W) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GH and W?
Across a 3-year window, the weekly returns of GH and W correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 2049.0 %².
Within GH's tracked universe of 12 assets, W comes in at #5 by 3-year correlation. The last year tells two different stories: GH led by 124.4 percentage points, +165.4% for GH against +41.0% for W.
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.
GH vs W: side by side
| GH (Guardant Health, Inc.) | W (Wayfair Inc.) | |
|---|---|---|
| 1-year return | +165.4% | +41.0% |
| 5-year return | +33.5% | -64.0% |
| Volatility (ann.) | 64.9% | 67.1% |
| Beta vs S&P 500 | 1.44 | 2.50 |
| Max drawdown (3Y) | -59.8% | -67.7% |
| Market cap | $22.6B | $14.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GH | W |
|---|---|---|
| 2022 | -72.8% | -82.7% |
| 2023 | -0.6% | +87.6% |
| 2024 | +12.9% | -28.2% |
| 2025 | +234.3% | +126.6% |
| 2026 | +65.0% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GH and W good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GH and W?
As of 2026-08-27, the correlation of weekly returns between GH and W is 0.47 over 3 years, 0.48 over 1 year and 0.46 over 5 years.
Is W a good diversifier for GH?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/gh-vs-w.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gh-vs-w/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GH correlations · W correlations
