GRX vs LH: Correlation
Measured on weekly returns over the past three years, The Gabelli Healthcare & Wellness Trust (GRX) and Labcorp (LH) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRX and LH?
On 3 years of weekly data the GRX/LH correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 146.1 %².
Among the 26 assets we track against GRX, LH ranks #16 by 3-year correlation. On 12-month performance LH holds a 7.5-point edge, +14.3% against +21.8%.
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.
GRX vs LH: side by side
| GRX (The Gabelli Healthcare & Wellness Trust) | LH (Labcorp) | |
|---|---|---|
| 1-year return | +14.3% | +21.8% |
| 5-year return | +1.5% | +36.0% |
| Volatility (ann.) | 15.1% | 21.4% |
| Beta vs S&P 500 | 0.46 | 0.33 |
| Max drawdown (3Y) | -17.9% | -17.4% |
| Market cap | – | $27.3B |
| P/E (trailing) | 67.0 | 27.8 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GRX | LH |
|---|---|---|
| 2022 | -20.0% | -24.4% |
| 2023 | -3.3% | +13.8% |
| 2024 | +9.6% | +2.2% |
| 2025 | +7.0% | +10.6% |
| 2026 | +8.3% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRX and LH good diversifiers for each other?
Reasonably. At 0.45, GRX and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRX and LH?
As of 2026-08-27, the correlation of weekly returns between GRX and LH is 0.45 over 3 years, 0.46 over 1 year and 0.51 over 5 years.
Is LH a good diversifier for GRX?
Reasonably. At 0.45, GRX and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/grx-vs-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grx-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRX correlations · LH correlations
