BNTC vs VANI: Correlation
Benitec Biopharma Inc. (BNTC) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNTC and VANI?
Over the past 3 years, BNTC and VANI moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 3537.5 %².
VANI is one of the assets that tracks BNTC most closely: it ranks #2 out of the 10 assets we track against BNTC. Correlation aside, the last 12 months split them widely, with VANI ahead by 16.3 points (-1.5% versus +14.8%). Note the risk asymmetry: VANI runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VANI: side by side
| BNTC (Benitec Biopharma Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -1.5% | +14.8% |
| 5-year return | -82.5% | -87.4% |
| Volatility (ann.) | 69.3% | 123.8% |
| Beta vs S&P 500 | 0.83 | 1.29 |
| Max drawdown (3Y) | -40.1% | -77.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNTC | VANI |
|---|---|---|
| 2022 | -93.5% | -82.6% |
| 2023 | +11.8% | +20.0% |
| 2024 | +291.0% | +13.7% |
| 2025 | +6.7% | +6.0% |
| 2026 | -5.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNTC and VANI good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BNTC and VANI?
The BNTC/VANI correlation stands at 0.41 on a 3-year window (1 year: 0.40, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for BNTC?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: BNTC correlations · VANI correlations
