BEAT vs RZLT: Correlation
How closely do Heartbeam, Inc. (BEAT) and Rezolute, Inc. (RZLT) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and RZLT?
Over the past 3 years, BEAT and RZLT moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.67) than the 3-year average (-0.33). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -5300.3 %².
RZLT is close to the least connected end of BEAT's tracked universe, ranking #15 of 16. Their recent paths diverged sharply: over the last 12 months RZLT outperformed by 28.0 percentage points (-58.8% for BEAT against -30.8% for RZLT).
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.
BEAT vs RZLT: side by side
| BEAT (Heartbeam, Inc.) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | -58.8% | -30.8% |
| 5-year return | -89.6% | -47.6% |
| Volatility (ann.) | 152.8% | 103.6% |
| Beta vs S&P 500 | 0.65 | 0.65 |
| Max drawdown (3Y) | -86.1% | -87.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAT | RZLT |
|---|---|---|
| 2022 | +58.4% | -56.7% |
| 2023 | -51.8% | -52.0% |
| 2024 | -2.1% | +393.5% |
| 2025 | +4.3% | -51.8% |
| 2026 | -79.8% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and RZLT good diversifiers for each other?
Yes. With a correlation of -0.33, BEAT and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BEAT and RZLT?
As of 2026-08-27, the correlation of weekly returns between BEAT and RZLT is -0.33 over 3 years, -0.67 over 1 year and -0.21 over 5 years.
Is RZLT a good diversifier for BEAT?
Yes. With a correlation of -0.33, BEAT and RZLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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
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Related comparisons
Hubs: BEAT correlations · RZLT correlations
