GOSS vs MFIC: Correlation
Measured on weekly returns over the past three years, Gossamer Bio, Inc. (GOSS) and MidCap Financial Investment Corporation - Closed End Fund (MFIC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and MFIC?
Over the past 3 years, GOSS and MFIC moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.44). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 965.0 %².
MFIC is one of the assets that tracks GOSS most closely: it ranks #2 out of the 11 assets we track against GOSS. Correlation aside, the last 12 months split them widely, with MFIC ahead by 75.4 points (-93.1% versus -17.7%). Risk is not evenly split, since GOSS carries 5.1 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.
GOSS vs MFIC: side by side
| GOSS (Gossamer Bio, Inc.) | MFIC (MidCap Financial Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -93.1% | -17.7% |
| 5-year return | -98.3% | +29.0% |
| Volatility (ann.) | 106.7% | 20.8% |
| Beta vs S&P 500 | 1.89 | 0.57 |
| Max drawdown (3Y) | -96.4% | -27.0% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 14.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOSS | MFIC |
|---|---|---|
| 2022 | -80.8% | +0.2% |
| 2023 | -57.9% | +35.5% |
| 2024 | -0.9% | +11.2% |
| 2025 | +242.5% | -4.3% |
| 2026 | -94.5% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and MFIC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOSS and MFIC?
As of 2026-08-27, the correlation of weekly returns between GOSS and MFIC is 0.44 over 3 years, 0.65 over 1 year and 0.32 over 5 years.
Is MFIC a good diversifier for GOSS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/goss-vs-mfic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goss-vs-mfic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOSS correlations · MFIC correlations
