AZTR vs BGLC: Correlation
Measured on weekly returns over the past three years, Azitra Inc (AZTR) and BioNexus Gene Lab Corp (BGLC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZTR and BGLC?
Across a 3-year window, the weekly returns of AZTR and BGLC correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -4611.5 %².
Out of 10 assets tracked against AZTR, BGLC lands near the bottom at #8. On 12-month performance BGLC holds a 8.8-point edge, -82.0% against -73.2%. Note the risk asymmetry: BGLC runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AZTR vs BGLC: side by side
| AZTR (Azitra Inc) | BGLC (BioNexus Gene Lab Corp) | |
|---|---|---|
| 1-year return | -82.0% | -73.2% |
| 5-year return | n/a | -99.2% |
| Volatility (ann.) | 113.7% | 177.7% |
| Beta vs S&P 500 | 1.30 | 1.05 |
| Max drawdown (3Y) | -100.0% | -93.4% |
| Market cap | – | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZTR | BGLC |
|---|---|---|
| 2022 | – | -55.4% |
| 2023 | – | -95.4% |
| 2024 | -98.5% | -47.2% |
| 2025 | -90.7% | +41.1% |
| 2026 | -29.9% | -62.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZTR and BGLC good diversifiers for each other?
Yes. With a correlation of -0.23, AZTR and BGLC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AZTR and BGLC?
The AZTR/BGLC correlation stands at -0.23 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is BGLC a good diversifier for AZTR?
Yes. With a correlation of -0.23, AZTR and BGLC 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/aztr-vs-bglc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aztr-vs-bglc/)
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Related comparisons
Hubs: AZTR correlations · BGLC correlations
