BNGO vs FATE: Correlation
Bionano Genomics, Inc. (BNGO) and Fate Therapeutics, Inc. (FATE) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNGO and FATE?
Over the past 3 years, BNGO and FATE moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 4193.2 %².
Within BNGO's tracked universe of 11 assets, FATE comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FATE outperformed by 195.8 percentage points (-69.0% for BNGO against +126.8% for FATE).
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.
BNGO vs FATE: side by side
| BNGO (Bionano Genomics, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -69.0% | +126.8% |
| 5-year return | -100.0% | -96.5% |
| Volatility (ann.) | 96.1% | 110.8% |
| Beta vs S&P 500 | 2.01 | 2.88 |
| Max drawdown (3Y) | -99.5% | -91.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNGO | FATE |
|---|---|---|
| 2022 | -51.2% | -82.8% |
| 2023 | -87.1% | -62.9% |
| 2024 | -84.7% | -55.9% |
| 2025 | -91.2% | -40.6% |
| 2026 | -20.9% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNGO and FATE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNGO and FATE?
As of 2026-08-27, the correlation of weekly returns between BNGO and FATE is 0.39 over 3 years, 0.36 over 1 year and 0.41 over 5 years.
Is FATE a good diversifier for BNGO?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/bngo-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bngo-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNGO correlations · FATE correlations
