BNGO vs HSDT: Correlation
Bionano Genomics, Inc. (BNGO) and Solana Company (HSDT) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNGO and HSDT?
Over the past 3 years, BNGO and HSDT moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.26 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -4492.7 %².
Out of 11 assets tracked against BNGO, HSDT lands near the bottom at #11. Over the last 12 months HSDT came out ahead by 8.3 percentage points (-69.0% against -60.7%). Risk is not evenly split, since HSDT carries 1.8 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.
BNGO vs HSDT: side by side
| BNGO (Bionano Genomics, Inc.) | HSDT (Solana Company) | |
|---|---|---|
| 1-year return | -69.0% | -60.7% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 96.1% | 177.7% |
| Beta vs S&P 500 | 2.01 | 0.34 |
| Max drawdown (3Y) | -99.5% | -100.0% |
| 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 | BNGO | HSDT |
|---|---|---|
| 2022 | -51.2% | -94.1% |
| 2023 | -87.1% | -47.6% |
| 2024 | -84.7% | -91.7% |
| 2025 | -91.2% | -99.4% |
| 2026 | -20.9% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNGO and HSDT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNGO and HSDT?
The BNGO/HSDT correlation stands at -0.26 on a 3-year window (1 year: -0.54, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is HSDT a good diversifier for BNGO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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-hsdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bngo-vs-hsdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNGO correlations · HSDT correlations
