BOLT vs FFAI: Correlation
How closely do Bolt Biotherapeutics, Inc. (BOLT) and Faraday Future Intelligent Electric Inc. (FFAI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and FFAI?
Over the past 3 years, BOLT and FFAI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -45030.1 %².
FFAI is close to the least connected end of BOLT's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with FFAI ahead by 23.1 points (-25.2% versus -2.1%). One caveat on sizing: FFAI is 51.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BOLT vs FFAI: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | FFAI (Faraday Future Intelligent Electric Inc.) | |
|---|---|---|
| 1-year return | -25.2% | -2.1% |
| 5-year return | -98.8% | -100.0% |
| Volatility (ann.) | 58.4% | 3004.8% |
| Beta vs S&P 500 | 0.45 | -1.32 |
| Max drawdown (3Y) | -89.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | FFAI |
|---|---|---|
| 2022 | -73.5% | -94.5% |
| 2023 | -13.8% | -99.0% |
| 2024 | -52.2% | -91.2% |
| 2025 | -48.9% | -58.0% |
| 2026 | -26.8% | +128.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and FFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOLT and FFAI?
As of 2026-08-27, the correlation of weekly returns between BOLT and FFAI is -0.26 over 3 years, -0.22 over 1 year and -0.16 over 5 years.
Is FFAI a good diversifier for BOLT?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/bolt-vs-ffai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bolt-vs-ffai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOLT correlations · FFAI correlations
