Yes. I measured it once, and I believe once you get with ~12” of the harness the compass becomes off.
Edit. I looked up my old post:
I did play with a compass while wearing the Marsupial. If facing west, the compass is roughly 20deg off if held 12” from the front of the harness. By 6” the needle is facing the magnet. In this case 90deg off.
If facing roughly North, it swings it 20-30deg off by about 9”, and the full 180deg off by 6”.