BOLT vs GNSS: Correlation
Measured on weekly returns over the past three years, Bolt Biotherapeutics, Inc. (BOLT) and Genasys Inc. (GNSS) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and GNSS?
On 3 years of weekly data the BOLT/GNSS correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.32 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 1153.7 %².
Within BOLT's tracked universe of 12 assets, GNSS comes in at #5 by 3-year correlation. Over the last 12 months GNSS came out ahead by 5.9 percentage points (-25.2% against -19.3%).
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 GNSS: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | GNSS (Genasys Inc.) | |
|---|---|---|
| 1-year return | -25.2% | -19.3% |
| 5-year return | -98.8% | -71.2% |
| Volatility (ann.) | 58.4% | 61.5% |
| Beta vs S&P 500 | 0.45 | 1.53 |
| Max drawdown (3Y) | -89.4% | -63.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | GNSS |
|---|---|---|
| 2022 | -73.5% | -7.0% |
| 2023 | -13.8% | -45.1% |
| 2024 | -52.2% | +28.1% |
| 2025 | -48.9% | -17.3% |
| 2026 | -26.8% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and GNSS good diversifiers for each other?
Reasonably. At 0.32, BOLT and GNSS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOLT and GNSS?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.09 over the last year and 0.17 over 5 years.
Is GNSS a good diversifier for BOLT?
Reasonably. At 0.32, BOLT and GNSS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/bolt-vs-gnss.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bolt-vs-gnss/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOLT correlations · GNSS correlations
