GLMD vs SXTC: Correlation
How closely do Galmed Pharmaceuticals Ltd. (GLMD) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) trade together? Their weekly returns over three years give a correlation of 0.94, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLMD and SXTC?
Across a 3-year window, the weekly returns of GLMD and SXTC correlate at 0.94, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.95) sits close to the 3-year figure. Stretching to 5 years gives 0.92, with an annualized covariance of 4037772.5 %².
Few assets follow GLMD as closely as SXTC, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months GLMD outperformed by 308.2 percentage points (+209.8% for GLMD against -98.4% for SXTC). Note the risk asymmetry: SXTC runs 11.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GLMD vs SXTC: side by side
| GLMD (Galmed Pharmaceuticals Ltd.) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | +209.8% | -98.4% |
| 5-year return | -99.3% | -99.9% |
| Volatility (ann.) | 619.4% | 6970.7% |
| Beta vs S&P 500 | 2.45 | 6.97 |
| Max drawdown (3Y) | -96.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLMD | SXTC |
|---|---|---|
| 2022 | -72.5% | -16.6% |
| 2023 | -93.9% | -70.7% |
| 2024 | -41.6% | -87.2% |
| 2025 | -76.5% | +215.0% |
| 2026 | +473.3% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLMD and SXTC good diversifiers for each other?
No: a correlation of 0.94 means GLMD and SXTC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GLMD and SXTC?
The GLMD/SXTC correlation stands at 0.94 on a 3-year window (1 year: 0.95, 5 years: 0.92), computed from weekly returns as of 2026-08-27.
Is SXTC a good diversifier for GLMD?
No: a correlation of 0.94 means GLMD and SXTC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.94 mean?
A reading of 0.94 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
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[](https://www.pairbook.io/pair/glmd-vs-sxtc/)
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Related comparisons
Hubs: GLMD correlations · SXTC correlations
