GRSD vs MDXH: Correlation
How closely do Grandstand Limited (GRSD) and MDxHealth SA (MDXH) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRSD and MDXH?
On 3 years of weekly data the GRSD/MDXH correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.47). The 5-year figure is 0.35, and annualized covariance runs at 2171.5 %².
MDXH is one of the assets that tracks GRSD most closely: it ranks #1 out of the 14 assets we track against GRSD. Neither side won the trailing year by much: -78.4% against -79.9%. One caveat on sizing: MDXH is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GRSD vs MDXH: side by side
| GRSD (Grandstand Limited) | MDXH (MDxHealth SA) | |
|---|---|---|
| 1-year return | -78.4% | -79.9% |
| 5-year return | -85.5% | -94.0% |
| Volatility (ann.) | 53.1% | 86.5% |
| Beta vs S&P 500 | 0.92 | 1.97 |
| Max drawdown (3Y) | -90.1% | -92.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRSD | MDXH |
|---|---|---|
| 2022 | -9.9% | -30.6% |
| 2023 | +6.6% | -40.4% |
| 2024 | +44.4% | -39.8% |
| 2025 | -61.2% | +50.6% |
| 2026 | -66.1% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRSD and MDXH good diversifiers for each other?
Reasonably. At 0.47, GRSD and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRSD and MDXH?
As of 2026-08-27, the correlation of weekly returns between GRSD and MDXH is 0.47 over 3 years, 0.65 over 1 year and 0.35 over 5 years.
Is MDXH a good diversifier for GRSD?
Reasonably. At 0.47, GRSD and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/grsd-vs-mdxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grsd-vs-mdxh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRSD correlations · MDXH correlations
