BANC vs NAUT: Correlation
How closely do Banc of California, Inc. (BANC) and Nautilus Biotechnology, Inc. (NAUT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANC and NAUT?
On 3 years of weekly data the BANC/NAUT correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.43). The 5-year figure is 0.35, and annualized covariance runs at 1041.3 %².
Out of 14 assets tracked against BANC, NAUT lands near the bottom at #10. On 12-month performance NAUT holds a 13.9-point edge, +14.7% against +28.6%. Risk is not evenly split, since NAUT carries 2.2 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.
BANC vs NAUT: side by side
| BANC (Banc of California, Inc.) | NAUT (Nautilus Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +14.7% | +28.6% |
| 5-year return | +18.5% | -88.5% |
| Volatility (ann.) | 33.4% | 72.5% |
| Beta vs S&P 500 | 1.08 | 1.36 |
| Max drawdown (3Y) | -31.2% | -83.8% |
| Market cap | $3.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 2.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANC | NAUT |
|---|---|---|
| 2022 | -17.7% | -65.3% |
| 2023 | -13.0% | +66.1% |
| 2024 | +18.3% | -43.8% |
| 2025 | +28.0% | +16.1% |
| 2026 | -1.6% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and NAUT good diversifiers for each other?
Reasonably. At 0.43, BANC and NAUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANC and NAUT?
As of 2026-08-27, the correlation of weekly returns between BANC and NAUT is 0.43 over 3 years, 0.25 over 1 year and 0.35 over 5 years.
Is NAUT a good diversifier for BANC?
Reasonably. At 0.43, BANC and NAUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/banc-vs-naut.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banc-vs-naut/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BANC correlations · NAUT correlations
