GSIW vs RSVR: Correlation
Measured on weekly returns over the past three years, Garden Stage Limited - Class A (GSIW) and Reservoir Media, Inc.. (RSVR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIW and RSVR?
On 3 years of weekly data the GSIW/RSVR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1190.7 %².
Out of 22 assets tracked against GSIW, RSVR lands near the bottom at #18. The last year tells two different stories: RSVR led by 48.7 percentage points, -24.5% for GSIW against +24.2% for RSVR. One caveat on sizing: GSIW 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.
GSIW vs RSVR: side by side
| GSIW (Garden Stage Limited - Class A) | RSVR (Reservoir Media, Inc..) | |
|---|---|---|
| 1-year return | -24.5% | +24.2% |
| 5-year return | n/a | +8.6% |
| Volatility (ann.) | 159.9% | 33.2% |
| Beta vs S&P 500 | 1.06 | 0.63 |
| Max drawdown (3Y) | -99.7% | -28.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 69.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIW | RSVR |
|---|---|---|
| 2022 | – | -24.5% |
| 2023 | – | +19.4% |
| 2024 | -91.5% | +26.9% |
| 2025 | -80.6% | -16.4% |
| 2026 | -41.5% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIW and RSVR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GSIW and RSVR?
As of 2026-08-27, the correlation of weekly returns between GSIW and RSVR is -0.23 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is RSVR a good diversifier for GSIW?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/gsiw-vs-rsvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gsiw-vs-rsvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GSIW correlations · RSVR correlations
