GRX vs TXMD: Correlation
The Gabelli Healthcare & Wellness Trust (GRX) and TherapeuticsMD, Inc. (TXMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRX and TXMD?
Over the past 3 years, GRX and TXMD moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.39). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 434.1 %².
By 3-year correlation, TXMD places #21 of the 26 assets tracked against GRX. Correlation aside, the last 12 months split them widely, with TXMD ahead by 83.9 points (+14.3% versus +98.2%). One caveat on sizing: TXMD is 4.8 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.
GRX vs TXMD: side by side
| GRX (The Gabelli Healthcare & Wellness Trust) | TXMD (TherapeuticsMD, Inc.) | |
|---|---|---|
| 1-year return | +14.3% | +98.2% |
| 5-year return | +1.5% | -94.4% |
| Volatility (ann.) | 15.1% | 73.0% |
| Beta vs S&P 500 | 0.46 | 1.30 |
| Max drawdown (3Y) | -17.9% | -81.2% |
| Market cap | – | – |
| P/E (trailing) | 67.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRX | TXMD |
|---|---|---|
| 2022 | -20.0% | -68.9% |
| 2023 | -3.3% | -59.7% |
| 2024 | +9.6% | -61.8% |
| 2025 | +7.0% | +89.5% |
| 2026 | +8.3% | +36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRX and TXMD good diversifiers for each other?
Reasonably. At 0.39, GRX and TXMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRX and TXMD?
The GRX/TXMD correlation stands at 0.39 on a 3-year window (1 year: 0.20, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is TXMD a good diversifier for GRX?
Reasonably. At 0.39, GRX and TXMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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-txmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grx-vs-txmd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRX correlations · TXMD correlations
