BGLC vs WBX: Correlation
How closely do BioNexus Gene Lab Corp (BGLC) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGLC and WBX?
On 3 years of weekly data the BGLC/WBX correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.45 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 77238.8 %².
WBX is one of the assets that tracks BGLC most closely: it ranks #3 out of the 14 assets we track against BGLC. Correlation aside, the last 12 months split them widely, with WBX ahead by 41.3 points (-73.2% versus -31.9%). Risk is not evenly split, since WBX carries 5.5 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.
BGLC vs WBX: side by side
| BGLC (BioNexus Gene Lab Corp) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -73.2% | -31.9% |
| 5-year return | -99.2% | -70.7% |
| Volatility (ann.) | 177.7% | 975.4% |
| Beta vs S&P 500 | 1.05 | 4.88 |
| Max drawdown (3Y) | -93.4% | -91.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGLC | WBX |
|---|---|---|
| 2022 | -55.4% | -78.1% |
| 2023 | -95.4% | -51.1% |
| 2024 | -47.2% | -71.4% |
| 2025 | +41.1% | +367.1% |
| 2026 | -62.0% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGLC and WBX good diversifiers for each other?
Reasonably. At 0.45, BGLC and WBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGLC and WBX?
As of 2026-08-27, the correlation of weekly returns between BGLC and WBX is 0.45 over 3 years, 0.31 over 1 year and 0.30 over 5 years.
Is WBX a good diversifier for BGLC?
Reasonably. At 0.45, BGLC and WBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: BGLC correlations · WBX correlations
