BENF vs CLNN: Correlation
Beneficient (BENF) and Clene Inc. (CLNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and CLNN?
On 3 years of weekly data the BENF/CLNN correlation comes out at 0.31, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.31 over 3 years. The 5-year figure is 0.25, and annualized covariance runs at 6087.9 %².
Among the 12 assets we track against BENF, CLNN ranks #5 by 3-year correlation. Over the last 12 months CLNN came out ahead by 6.0 percentage points (-22.9% against -16.9%). One caveat on sizing: BENF is 1.6 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.
BENF vs CLNN: side by side
| BENF (Beneficient) | CLNN (Clene Inc.) | |
|---|---|---|
| 1-year return | -22.9% | -16.9% |
| 5-year return | -100.0% | -97.1% |
| Volatility (ann.) | 176.6% | 111.8% |
| Beta vs S&P 500 | 1.25 | 1.72 |
| Max drawdown (3Y) | -99.9% | -84.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BENF | CLNN |
|---|---|---|
| 2022 | +3.7% | -75.6% |
| 2023 | -95.3% | -70.0% |
| 2024 | -98.1% | -11.5% |
| 2025 | +18.0% | +10.5% |
| 2026 | -69.3% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and CLNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BENF and CLNN?
As of 2026-08-27, the correlation of weekly returns between BENF and CLNN is 0.31 over 3 years, 0.55 over 1 year and 0.25 over 5 years.
Is CLNN a good diversifier for BENF?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/benf-vs-clnn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/benf-vs-clnn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BENF correlations · CLNN correlations
