AMPG vs GTBP: Correlation
Measured on weekly returns over the past three years, Amplitech Group, Inc. (AMPG) and GT Biopharma, Inc. (GTBP) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPG and GTBP?
Across a 3-year window, the weekly returns of AMPG and GTBP correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.45 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 7188.4 %².
Within AMPG's tracked universe of 15 assets, GTBP comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMPG outperformed by 95.7 percentage points (+22.2% for AMPG against -73.5% for GTBP). Risk is not evenly split, since AMPG carries 2.0 times the volatility of the other side.
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.
AMPG vs GTBP: side by side
| AMPG (Amplitech Group, Inc.) | GTBP (GT Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +22.2% | -73.5% |
| 5-year return | -0.5% | -99.9% |
| Volatility (ann.) | 178.6% | 90.4% |
| Beta vs S&P 500 | 1.10 | 0.76 |
| Max drawdown (3Y) | -78.6% | -97.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPG | GTBP |
|---|---|---|
| 2022 | -46.2% | -71.0% |
| 2023 | -11.3% | -71.2% |
| 2024 | +173.4% | -60.1% |
| 2025 | -41.8% | -74.3% |
| 2026 | +25.1% | -61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPG and GTBP good diversifiers for each other?
Reasonably. At 0.45, AMPG and GTBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMPG and GTBP?
The AMPG/GTBP correlation stands at 0.45 on a 3-year window (1 year: 0.24, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is GTBP a good diversifier for AMPG?
Reasonably. At 0.45, AMPG and GTBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
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Related comparisons
Hubs: AMPG correlations · GTBP correlations
