BCTX vs USIO: Correlation
BriaCell Therapeutics Corp. (BCTX) and Usio, Inc. (USIO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and USIO?
Across a 3-year window, the weekly returns of BCTX and USIO correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.24). Stretching to 5 years gives -0.16, with an annualized covariance of -9515.7 %².
Within BCTX's tracked universe of 31 assets, USIO comes in at #22 by 3-year correlation. The last year tells two different stories: USIO led by 134.3 percentage points, -51.2% for BCTX against +83.1% for USIO. One caveat on sizing: BCTX is 11.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 USIO: side by side
| BCTX (BriaCell Therapeutics Corp.) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +83.1% |
| 5-year return | -94.5% | -54.6% |
| Volatility (ann.) | 676.8% | 58.9% |
| Beta vs S&P 500 | -1.17 | 0.35 |
| Max drawdown (3Y) | -96.3% | -59.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | USIO |
|---|---|---|
| 2022 | -47.2% | -62.2% |
| 2023 | +33.9% | +4.2% |
| 2024 | -90.4% | -15.1% |
| 2025 | +27.0% | -6.8% |
| 2026 | -47.8% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and USIO good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCTX and USIO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.08 over the last year and -0.16 over 5 years.
Is USIO a good diversifier for BCTX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BCTX correlations · USIO correlations
