GSIW vs UFI: Correlation
Measured on weekly returns over the past three years, Garden Stage Limited - Class A (GSIW) and Unifi, Inc. New (UFI) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIW and UFI?
On 3 years of weekly data the GSIW/UFI correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.17 over 3. The 5-year figure is n/a, and annualized covariance runs at -1357.0 %².
Among the 22 assets we track against GSIW, UFI ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UFI outperformed by 94.2 percentage points (-24.5% for GSIW against +69.7% for UFI). One caveat on sizing: GSIW is 3.4 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 UFI: side by side
| GSIW (Garden Stage Limited - Class A) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | -24.5% | +69.7% |
| 5-year return | n/a | -65.5% |
| Volatility (ann.) | 159.9% | 47.6% |
| Beta vs S&P 500 | 1.06 | 0.44 |
| Max drawdown (3Y) | -99.7% | -61.5% |
| 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 | UFI |
|---|---|---|
| 2022 | – | -62.8% |
| 2023 | – | -22.6% |
| 2024 | -91.5% | -6.2% |
| 2025 | -80.6% | -44.0% |
| 2026 | -41.5% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIW and UFI good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GSIW and UFI?
As of 2026-08-27, the correlation of weekly returns between GSIW and UFI is -0.17 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is UFI a good diversifier for GSIW?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsiw-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSIW correlations · UFI correlations
