GILD vs LH: Correlation
Measured on weekly returns over the past three years, Gilead Sciences (GILD) and Labcorp (LH) 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 LH?
On 3 years of weekly data the GILD/LH correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.40 over 3. The 5-year figure is 0.42, and annualized covariance runs at 205.9 %².
Among the 30 assets we track against GILD, LH ranks #13 by 3-year correlation. The trailing year gives GILD the advantage: +34.1% versus +21.8%, a 12.3-point spread. The rolling one-year correlation stayed in a tight band between 0.32 and 0.57 over the past three years, which points to a structural rather than episodic relationship.
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 LH: side by side
| GILD (Gilead Sciences) | LH (Labcorp) | |
|---|---|---|
| 1-year return | +34.1% | +21.8% |
| 5-year return | +148.1% | +36.0% |
| Volatility (ann.) | 24.1% | 21.4% |
| Beta vs S&P 500 | 0.33 | 0.33 |
| Max drawdown (3Y) | -26.6% | -17.4% |
| Market cap | $184.6B | $27.3B |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 2.17% | 0.86% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GILD | LH |
|---|---|---|
| 2022 | +23.6% | -24.4% |
| 2023 | -2.0% | +13.8% |
| 2024 | +18.7% | +2.2% |
| 2025 | +36.6% | +10.6% |
| 2026 | +22.8% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and LH good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GILD and LH?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.42 over 5 years.
Is LH a good diversifier for GILD?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gild-vs-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gild-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GILD correlations · LH correlations
