GILT vs STXS: Correlation
Gilat Satellite Networks Ltd. (GILT) and Stereotaxis, Inc. (STXS) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILT and STXS?
On 3 years of weekly data the GILT/STXS correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 1087.3 %².
By 3-year correlation, STXS places #7 of the 13 assets tracked against GILT. Their recent paths diverged sharply: over the last 12 months GILT outperformed by 54.3 percentage points (+5.5% for GILT against -48.8% for STXS).
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.
GILT vs STXS: side by side
| GILT (Gilat Satellite Networks Ltd.) | STXS (Stereotaxis, Inc.) | |
|---|---|---|
| 1-year return | +5.5% | -48.8% |
| 5-year return | +4.3% | -76.8% |
| Volatility (ann.) | 50.6% | 51.7% |
| Beta vs S&P 500 | 1.53 | 1.07 |
| Max drawdown (3Y) | -52.3% | -64.7% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GILT | STXS |
|---|---|---|
| 2022 | -18.0% | -66.6% |
| 2023 | +5.3% | -15.5% |
| 2024 | +0.7% | +30.3% |
| 2025 | +110.4% | +0.9% |
| 2026 | -19.9% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILT and STXS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GILT and STXS?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.44 over the last year and 0.35 over 5 years.
Is STXS a good diversifier for GILT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/gilt-vs-stxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gilt-vs-stxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GILT correlations · STXS correlations
