GSAT vs IRWD: Correlation
How closely do Globalstar, Inc. (GSAT) and Ironwood Pharmaceuticals, Inc. (IRWD) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSAT and IRWD?
On 3 years of weekly data the GSAT/IRWD correlation comes out at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 2348.1 %².
In GSAT's tracked universe of 11 assets, IRWD sits right near the top at #1. The last year tells two different stories: IRWD led by 45.5 percentage points, +191.0% for GSAT against +236.5% for IRWD.
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.
GSAT vs IRWD: side by side
| GSAT (Globalstar, Inc.) | IRWD (Ironwood Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +191.0% | +236.5% |
| 5-year return | +132.8% | -68.1% |
| Volatility (ann.) | 65.0% | 88.3% |
| Beta vs S&P 500 | 1.38 | 0.81 |
| Max drawdown (3Y) | -50.7% | -96.3% |
| Market cap | $10.6B | $0.7B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSAT | IRWD |
|---|---|---|
| 2022 | +14.7% | +6.3% |
| 2023 | +45.9% | -7.7% |
| 2024 | +6.7% | -61.3% |
| 2025 | +96.6% | -23.9% |
| 2026 | +34.4% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSAT and IRWD good diversifiers for each other?
Reasonably. At 0.41, GSAT and IRWD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSAT and IRWD?
The GSAT/IRWD correlation stands at 0.41 on a 3-year window (1 year: 0.54, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is IRWD a good diversifier for GSAT?
Reasonably. At 0.41, GSAT and IRWD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gsat-vs-irwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsat-vs-irwd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GSAT correlations · IRWD correlations
