GRX vs REGN: Correlation
The Gabelli Healthcare & Wellness Trust (GRX) and Regeneron Pharmaceuticals (REGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRX and REGN?
On 3 years of weekly data the GRX/REGN correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 195.3 %².
By 3-year correlation, REGN places #19 of the 26 assets tracked against GRX. Correlation aside, the last 12 months split them widely, with REGN ahead by 24.0 points (+14.3% versus +38.3%). Note the risk asymmetry: REGN runs 2.1 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.
GRX vs REGN: side by side
| GRX (The Gabelli Healthcare & Wellness Trust) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | +14.3% | +38.3% |
| 5-year return | +1.5% | +20.4% |
| Volatility (ann.) | 15.1% | 31.8% |
| Beta vs S&P 500 | 0.46 | 0.61 |
| Max drawdown (3Y) | -17.9% | -59.7% |
| Market cap | – | $83.2B |
| P/E (trailing) | 67.0 | 20.2 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GRX | REGN |
|---|---|---|
| 2022 | -20.0% | +14.2% |
| 2023 | -3.3% | +21.7% |
| 2024 | +9.6% | -18.9% |
| 2025 | +7.0% | +9.0% |
| 2026 | +8.3% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRX and REGN good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRX and REGN?
The GRX/REGN correlation stands at 0.41 on a 3-year window (1 year: 0.42, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is REGN a good diversifier for GRX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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-regn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grx-vs-regn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRX correlations · REGN correlations
