BOLT vs INAB: Correlation
Measured on weekly returns over the past three years, Bolt Biotherapeutics, Inc. (BOLT) and IN8bio, Inc. (INAB) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and INAB?
On 3 years of weekly data the BOLT/INAB correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.34). The 5-year figure is 0.21, and annualized covariance runs at 2270.9 %².
In BOLT's tracked universe of 12 assets, INAB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BOLT ahead by 29.2 points (-25.2% versus -54.4%). One caveat on sizing: INAB is 1.9 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 INAB: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | INAB (IN8bio, Inc.) | |
|---|---|---|
| 1-year return | -25.2% | -54.4% |
| 5-year return | -98.8% | -99.5% |
| Volatility (ann.) | 58.4% | 113.3% |
| Beta vs S&P 500 | 0.45 | 1.67 |
| Max drawdown (3Y) | -89.4% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | INAB |
|---|---|---|
| 2022 | -73.5% | -47.4% |
| 2023 | -13.8% | -40.3% |
| 2024 | -52.2% | -81.4% |
| 2025 | -48.9% | -69.6% |
| 2026 | -26.8% | -55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and INAB good diversifiers for each other?
Reasonably. At 0.34, BOLT and INAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOLT and INAB?
As of 2026-08-27, the correlation of weekly returns between BOLT and INAB is 0.34 over 3 years, 0.23 over 1 year and 0.21 over 5 years.
Is INAB a good diversifier for BOLT?
Reasonably. At 0.34, BOLT and INAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-inab.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bolt-vs-inab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOLT correlations · INAB correlations
