GILD vs GRX: Correlation
Measured on weekly returns over the past three years, Gilead Sciences (GILD) and The Gabelli Healthcare & Wellness Trust (GRX) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and GRX?
On 3 years of weekly data the GILD/GRX correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.40 over 3. The 5-year figure is 0.44, and annualized covariance runs at 145.7 %².
By 3-year correlation, GRX places #11 of the 30 assets tracked against GILD. The last year tells two different stories: GILD led by 19.8 percentage points, +34.1% for GILD against +14.3% for GRX. Risk is not evenly split, since GILD carries 1.6 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.
GILD vs GRX: side by side
| GILD (Gilead Sciences) | GRX (The Gabelli Healthcare & Wellness Trust) | |
|---|---|---|
| 1-year return | +34.1% | +14.3% |
| 5-year return | +148.1% | +1.5% |
| Volatility (ann.) | 24.1% | 15.1% |
| Beta vs S&P 500 | 0.33 | 0.46 |
| Max drawdown (3Y) | -26.6% | -17.9% |
| Market cap | $184.6B | – |
| P/E (trailing) | – | 67.0 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GILD | GRX |
|---|---|---|
| 2022 | +23.6% | -20.0% |
| 2023 | -2.0% | -3.3% |
| 2024 | +18.7% | +9.6% |
| 2025 | +36.6% | +7.0% |
| 2026 | +22.8% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and GRX good diversifiers for each other?
Reasonably. At 0.40, GILD and GRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GILD and GRX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.39 over the last year and 0.44 over 5 years.
Is GRX a good diversifier for GILD?
Reasonably. At 0.40, GILD and GRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GILD correlations · GRX correlations
