BNGO vs MBOT: Correlation
Measured on weekly returns over the past three years, Bionano Genomics, Inc. (BNGO) and Microbot Medical Inc. (MBOT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNGO and MBOT?
Over the past 3 years, BNGO and MBOT moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.50 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 4705.4 %².
MBOT is one of the assets that tracks BNGO most closely: it ranks #1 out of the 11 assets we track against BNGO. The trailing year gives MBOT the advantage: -69.0% versus -63.1%, a 5.9-point spread.
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 MBOT: side by side
| BNGO (Bionano Genomics, Inc.) | MBOT (Microbot Medical Inc.) | |
|---|---|---|
| 1-year return | -69.0% | -63.1% |
| 5-year return | -100.0% | -79.9% |
| Volatility (ann.) | 96.1% | 97.0% |
| Beta vs S&P 500 | 2.01 | 1.83 |
| Max drawdown (3Y) | -99.5% | -67.3% |
| 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 | MBOT |
|---|---|---|
| 2022 | -51.2% | -59.9% |
| 2023 | -87.1% | -45.5% |
| 2024 | -84.7% | -31.7% |
| 2025 | -91.2% | +78.6% |
| 2026 | -20.9% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNGO and MBOT good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNGO and MBOT?
As of 2026-08-27, the correlation of weekly returns between BNGO and MBOT is 0.50 over 3 years, 0.30 over 1 year and 0.36 over 5 years.
Is MBOT a good diversifier for BNGO?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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-mbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bngo-vs-mbot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNGO correlations · MBOT correlations
