GLSI vs NMAI: Correlation
How closely do Greenwich LifeSciences, Inc. (GLSI) and Nuveen Multi-Asset Income Fund (NMAI) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLSI and NMAI?
On 3 years of weekly data the GLSI/NMAI correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.36 over 3. The 5-year figure is 0.32, and annualized covariance runs at 369.4 %².
Few assets follow GLSI as closely as NMAI, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months GLSI outperformed by 35.0 percentage points (+60.5% for GLSI against +25.5% for NMAI). Note the risk asymmetry: GLSI runs 5.1 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.
GLSI vs NMAI: side by side
| GLSI (Greenwich LifeSciences, Inc.) | NMAI (Nuveen Multi-Asset Income Fund) | |
|---|---|---|
| 1-year return | +60.5% | +25.5% |
| 5-year return | -52.7% | +36.4% |
| Volatility (ann.) | 73.1% | 14.2% |
| Beta vs S&P 500 | 1.76 | 0.68 |
| Max drawdown (3Y) | -61.9% | -13.0% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLSI | NMAI |
|---|---|---|
| 2022 | -37.5% | -26.4% |
| 2023 | -30.8% | +19.5% |
| 2024 | +6.7% | +11.7% |
| 2025 | +87.1% | +20.0% |
| 2026 | -10.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLSI and NMAI good diversifiers for each other?
Reasonably. At 0.36, GLSI and NMAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GLSI and NMAI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.38 over the last year and 0.32 over 5 years.
Is NMAI a good diversifier for GLSI?
Reasonably. At 0.36, GLSI and NMAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/glsi-vs-nmai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glsi-vs-nmai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLSI correlations · NMAI correlations
