BNGO vs GRWG: Correlation
Bionano Genomics, Inc. (BNGO) and GrowGeneration Corp. (GRWG) 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 GRWG?
Over the past 3 years, BNGO and GRWG moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.39). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 3029.0 %².
Within BNGO's tracked universe of 11 assets, GRWG comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GRWG outperformed by 67.8 percentage points (-69.0% for BNGO against -1.2% for GRWG).
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 GRWG: side by side
| BNGO (Bionano Genomics, Inc.) | GRWG (GrowGeneration Corp.) | |
|---|---|---|
| 1-year return | -69.0% | -1.2% |
| 5-year return | -100.0% | -94.6% |
| Volatility (ann.) | 96.1% | 79.8% |
| Beta vs S&P 500 | 2.01 | 1.88 |
| Max drawdown (3Y) | -99.5% | -76.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNGO | GRWG |
|---|---|---|
| 2022 | -51.2% | -70.0% |
| 2023 | -87.1% | -36.0% |
| 2024 | -84.7% | -32.7% |
| 2025 | -91.2% | -11.2% |
| 2026 | -20.9% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNGO and GRWG 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 GRWG?
The BNGO/GRWG correlation stands at 0.39 on a 3-year window (1 year: 0.17, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is GRWG 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-grwg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bngo-vs-grwg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNGO correlations · GRWG correlations
