BNTC vs JANX: Correlation
Benitec Biopharma Inc. (BNTC) and Janux Therapeutics, Inc. (JANX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNTC and JANX?
Over the past 3 years, BNTC and JANX moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 4789.7 %².
Few assets follow BNTC as closely as JANX, which ranks #1 of 10 tracked partners. The last year tells two different stories: BNTC led by 18.1 percentage points, -1.5% for BNTC against -19.6% for JANX. Risk is not evenly split, since JANX carries 2.1 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.
BNTC vs JANX: side by side
| BNTC (Benitec Biopharma Inc.) | JANX (Janux Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -1.5% | -19.6% |
| 5-year return | -82.5% | -42.6% |
| Volatility (ann.) | 69.3% | 148.0% |
| Beta vs S&P 500 | 0.83 | 1.76 |
| Max drawdown (3Y) | -40.1% | -81.8% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNTC | JANX |
|---|---|---|
| 2022 | -93.5% | -33.2% |
| 2023 | +11.8% | -18.5% |
| 2024 | +291.0% | +399.0% |
| 2025 | +6.7% | -74.2% |
| 2026 | -5.9% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNTC and JANX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNTC and JANX?
As of 2026-08-27, the correlation of weekly returns between BNTC and JANX is 0.47 over 3 years, 0.22 over 1 year and 0.36 over 5 years.
Is JANX a good diversifier for BNTC?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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
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Related comparisons
Hubs: BNTC correlations · JANX correlations
