BNGO vs HYFT: Correlation
How closely do Bionano Genomics, Inc. (BNGO) and MindWalk Holdings Corp. (HYFT) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNGO and HYFT?
On 3 years of weekly data the BNGO/HYFT correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.37 over 3. The 5-year figure is 0.33, and annualized covariance runs at 3931.8 %².
By 3-year correlation, HYFT places #6 of the 11 assets tracked against BNGO. Their recent paths diverged sharply: over the last 12 months HYFT outperformed by 22.6 percentage points (-69.0% for BNGO against -46.4% for HYFT).
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 HYFT: side by side
| BNGO (Bionano Genomics, Inc.) | HYFT (MindWalk Holdings Corp.) | |
|---|---|---|
| 1-year return | -69.0% | -46.4% |
| 5-year return | -100.0% | -80.2% |
| Volatility (ann.) | 96.1% | 110.1% |
| Beta vs S&P 500 | 2.01 | 1.42 |
| Max drawdown (3Y) | -99.5% | -86.3% |
| 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 | HYFT |
|---|---|---|
| 2022 | -51.2% | -2.8% |
| 2023 | -87.1% | -67.2% |
| 2024 | -84.7% | -75.9% |
| 2025 | -91.2% | +341.7% |
| 2026 | -20.9% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNGO and HYFT good diversifiers for each other?
Reasonably. At 0.37, BNGO and HYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BNGO and HYFT?
As of 2026-08-27, the correlation of weekly returns between BNGO and HYFT is 0.37 over 3 years, 0.47 over 1 year and 0.33 over 5 years.
Is HYFT a good diversifier for BNGO?
Reasonably. At 0.37, BNGO and HYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bngo-vs-hyft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bngo-vs-hyft/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNGO correlations · HYFT correlations
