GSIW vs MED: Correlation
Garden Stage Limited - Class A (GSIW) and MEDIFAST INC (MED) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIW and MED?
On 3 years of weekly data the GSIW/MED correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1632.6 %².
Within GSIW's tracked universe of 22 assets, MED comes in at #12 by 3-year correlation. On 12-month performance MED holds a 9.8-point edge, -24.5% against -14.7%. Note the risk asymmetry: GSIW runs 3.4 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.
GSIW vs MED: side by side
| GSIW (Garden Stage Limited - Class A) | MED (MEDIFAST INC) | |
|---|---|---|
| 1-year return | -24.5% | -14.7% |
| 5-year return | n/a | -94.1% |
| Volatility (ann.) | 159.9% | 47.7% |
| Beta vs S&P 500 | 1.06 | 0.68 |
| Max drawdown (3Y) | -99.7% | -88.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIW | MED |
|---|---|---|
| 2022 | – | -42.3% |
| 2023 | – | -38.3% |
| 2024 | -91.5% | -73.8% |
| 2025 | -80.6% | -39.4% |
| 2026 | -41.5% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIW and MED good diversifiers for each other?
Yes. With a correlation of -0.21, GSIW and MED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GSIW and MED?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.19 over the last year and n/a over 5 years.
Is MED a good diversifier for GSIW?
Yes. With a correlation of -0.21, GSIW and MED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/gsiw-vs-med.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gsiw-vs-med/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSIW correlations · MED correlations
