BNC vs FGNX: Correlation
CEA Industries Inc. (BNC) and FG Nexus Inc. (FGNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and FGNX?
Across a 3-year window, the weekly returns of BNC and FGNX correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 5927.4 %².
Few assets follow BNC as closely as FGNX, which ranks #2 of 37 tracked partners. Their 12-month results are close: -86.1% for BNC against -87.5% for FGNX.
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.
BNC vs FGNX: side by side
| BNC (CEA Industries Inc.) | FGNX (FG Nexus Inc.) | |
|---|---|---|
| 1-year return | -86.1% | -87.5% |
| 5-year return | -97.4% | -98.8% |
| Volatility (ann.) | 120.4% | 105.1% |
| Beta vs S&P 500 | -0.47 | -0.07 |
| Max drawdown (3Y) | -96.5% | -97.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNC | FGNX |
|---|---|---|
| 2022 | -82.5% | -24.2% |
| 2023 | -34.9% | -43.9% |
| 2024 | +23.7% | -45.5% |
| 2025 | -20.9% | -87.4% |
| 2026 | -53.1% | -42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and FGNX good diversifiers for each other?
Reasonably. At 0.47, BNC and FGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BNC and FGNX?
As of 2026-08-27, the correlation of weekly returns between BNC and FGNX is 0.47 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is FGNX a good diversifier for BNC?
Reasonably. At 0.47, BNC and FGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BNC correlations · FGNX correlations
