GMED vs SRTS: Correlation
Globus Medical, Inc. (GMED) and Sensus Healthcare, Inc. (SRTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMED and SRTS?
Over the past 3 years, GMED and SRTS moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.36). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 1109.8 %².
By 3-year correlation, SRTS places #7 of the 15 assets tracked against GMED. The last year tells two different stories: GMED led by 28.2 percentage points, +34.2% for GMED against +6.0% for SRTS. Risk is not evenly split, since SRTS carries 1.8 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.
GMED vs SRTS: side by side
| GMED (Globus Medical, Inc.) | SRTS (Sensus Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +34.2% | +6.0% |
| 5-year return | +0.4% | -7.4% |
| Volatility (ann.) | 41.6% | 74.0% |
| Beta vs S&P 500 | 0.74 | 0.77 |
| Max drawdown (3Y) | -44.4% | -70.1% |
| Market cap | $11.1B | $0.1B |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMED | SRTS |
|---|---|---|
| 2022 | +2.9% | +2.8% |
| 2023 | -28.2% | -68.2% |
| 2024 | +55.2% | +193.2% |
| 2025 | +5.6% | -42.5% |
| 2026 | -5.5% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMED and SRTS good diversifiers for each other?
Reasonably. At 0.36, GMED and SRTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GMED and SRTS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.55 over the last year and 0.34 over 5 years.
Is SRTS a good diversifier for GMED?
Reasonably. At 0.36, GMED and SRTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmed-vs-srts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gmed-vs-srts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMED correlations · SRTS correlations
