AEVA vs BDSX: Correlation
Measured on weekly returns over the past three years, Aeva Technologies, Inc. (AEVA) and Biodesix, Inc. (BDSX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEVA and BDSX?
On 3 years of weekly data the AEVA/BDSX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.19 over 3. The 5-year figure is -0.04, and annualized covariance runs at -2291.2 %².
Among the 14 assets we track against AEVA, BDSX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months BDSX outperformed by 199.1 percentage points (+3.9% for AEVA against +203.0% for BDSX).
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.
AEVA vs BDSX: side by side
| AEVA (Aeva Technologies, Inc.) | BDSX (Biodesix, Inc.) | |
|---|---|---|
| 1-year return | +3.9% | +203.0% |
| 5-year return | -66.2% | -84.0% |
| Volatility (ann.) | 127.6% | 92.6% |
| Beta vs S&P 500 | 2.96 | 0.57 |
| Max drawdown (3Y) | -75.7% | -89.7% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEVA | BDSX |
|---|---|---|
| 2022 | -82.0% | -56.5% |
| 2023 | -44.3% | -20.0% |
| 2024 | +25.3% | -16.8% |
| 2025 | +179.6% | -77.8% |
| 2026 | +23.4% | +318.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEVA and BDSX good diversifiers for each other?
Yes. With a correlation of -0.19, AEVA and BDSX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEVA and BDSX?
As of 2026-08-27, the correlation of weekly returns between AEVA and BDSX is -0.19 over 3 years, -0.24 over 1 year and -0.04 over 5 years.
Is BDSX a good diversifier for AEVA?
Yes. With a correlation of -0.19, AEVA and BDSX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/aeva-vs-bdsx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aeva-vs-bdsx/)
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Related comparisons
Hubs: AEVA correlations · BDSX correlations
