AKAM vs BOLT: Correlation
Akamai Technologies (AKAM) and Bolt Biotherapeutics, Inc. (BOLT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and BOLT?
Across a 3-year window, the weekly returns of AKAM and BOLT correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.23). Stretching to 5 years gives -0.07, with an annualized covariance of -623.3 %².
Within AKAM's tracked universe of 30 assets, BOLT comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AKAM ahead by 67.3 points (+42.1% versus -25.2%).
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.
AKAM vs BOLT: side by side
| AKAM (Akamai Technologies) | BOLT (Bolt Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | -25.2% |
| 5-year return | -1.6% | -98.8% |
| Volatility (ann.) | 45.7% | 58.4% |
| Beta vs S&P 500 | 0.58 | 0.45 |
| Max drawdown (3Y) | -46.8% | -89.4% |
| Market cap | $16.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | BOLT |
|---|---|---|
| 2022 | -28.0% | -73.5% |
| 2023 | +40.4% | -13.8% |
| 2024 | -19.2% | -52.2% |
| 2025 | -8.8% | -48.9% |
| 2026 | +27.5% | -26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and BOLT good diversifiers for each other?
Yes. With a correlation of -0.23, AKAM and BOLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AKAM and BOLT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.44 over the last year and -0.07 over 5 years.
Is BOLT a good diversifier for AKAM?
Yes. With a correlation of -0.23, AKAM and BOLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/akam-vs-bolt.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AKAM correlations · BOLT correlations
