BCTX vs ENVB: Correlation
How closely do BriaCell Therapeutics Corp. (BCTX) and Enveric Biosciences, Inc. (ENVB) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and ENVB?
Over the past 3 years, BCTX and ENVB moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.34). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -36705.4 %².
Among the 31 assets we track against BCTX, ENVB sits near the bottom by co-movement, at rank #29. The last year tells two different stories: BCTX led by 40.9 percentage points, -51.2% for BCTX against -92.1% for ENVB. Note the risk asymmetry: BCTX runs 4.2 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.
BCTX vs ENVB: side by side
| BCTX (BriaCell Therapeutics Corp.) | ENVB (Enveric Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | -92.1% |
| 5-year return | -94.5% | -100.0% |
| Volatility (ann.) | 676.8% | 160.8% |
| Beta vs S&P 500 | -1.17 | 0.75 |
| Max drawdown (3Y) | -96.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | ENVB |
|---|---|---|
| 2022 | -47.2% | -95.5% |
| 2023 | +33.9% | -37.5% |
| 2024 | -90.4% | -72.5% |
| 2025 | +27.0% | -99.6% |
| 2026 | -47.8% | -62.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and ENVB good diversifiers for each other?
Yes. With a correlation of -0.34, BCTX and ENVB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCTX and ENVB?
As of 2026-08-27, the correlation of weekly returns between BCTX and ENVB is -0.34 over 3 years, -0.03 over 1 year and -0.27 over 5 years.
Is ENVB a good diversifier for BCTX?
Yes. With a correlation of -0.34, BCTX and ENVB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bctx-vs-envb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bctx-vs-envb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCTX correlations · ENVB correlations
