GOSS vs WDI: Correlation
Measured on weekly returns over the past three years, Gossamer Bio, Inc. (GOSS) and Western Asset Diversified Income Fund (WDI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and WDI?
Over the past 3 years, GOSS and WDI moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 454.6 %².
Within GOSS's tracked universe of 11 assets, WDI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WDI outperformed by 90.8 percentage points (-93.1% for GOSS against -2.3% for WDI). Note the risk asymmetry: GOSS runs 9.1 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.
GOSS vs WDI: side by side
| GOSS (Gossamer Bio, Inc.) | WDI (Western Asset Diversified Income Fund) | |
|---|---|---|
| 1-year return | -93.1% | -2.3% |
| 5-year return | -98.3% | +14.7% |
| Volatility (ann.) | 106.7% | 11.7% |
| Beta vs S&P 500 | 1.89 | 0.46 |
| Max drawdown (3Y) | -96.4% | -14.1% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOSS | WDI |
|---|---|---|
| 2022 | -80.8% | -23.3% |
| 2023 | -57.9% | +25.1% |
| 2024 | -0.9% | +13.9% |
| 2025 | +242.5% | +10.7% |
| 2026 | -94.5% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and WDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOSS and WDI?
The GOSS/WDI correlation stands at 0.36 on a 3-year window (1 year: 0.29, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WDI a good diversifier for GOSS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/goss-vs-wdi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goss-vs-wdi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOSS correlations · WDI correlations
