BNTC vs FSLY: Correlation
How closely do Benitec Biopharma Inc. (BNTC) and Fastly, Inc. (FSLY) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNTC and FSLY?
Across a 3-year window, the weekly returns of BNTC and FSLY correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.08, with an annualized covariance of -1450.9 %².
Among the 10 assets we track against BNTC, FSLY sits near the bottom by co-movement, at rank #10. The last year tells two different stories: FSLY led by 230.5 percentage points, -1.5% for BNTC against +229.0% for FSLY.
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.
BNTC vs FSLY: side by side
| BNTC (Benitec Biopharma Inc.) | FSLY (Fastly, Inc.) | |
|---|---|---|
| 1-year return | -1.5% | +229.0% |
| 5-year return | -82.5% | -43.5% |
| Volatility (ann.) | 69.3% | 101.8% |
| Beta vs S&P 500 | 0.83 | 1.26 |
| Max drawdown (3Y) | -40.1% | -80.0% |
| Market cap | $0.4B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNTC | FSLY |
|---|---|---|
| 2022 | -93.5% | -76.9% |
| 2023 | +11.8% | +117.3% |
| 2024 | +291.0% | -47.0% |
| 2025 | +6.7% | +7.8% |
| 2026 | -5.9% | +142.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNTC and FSLY good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BNTC and FSLY?
The BNTC/FSLY correlation stands at -0.21 on a 3-year window (1 year: -0.34, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is FSLY a good diversifier for BNTC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: BNTC correlations · FSLY correlations
