BOLT vs WETH: Correlation
Bolt Biotherapeutics, Inc. (BOLT) and Wetouch Technology Inc. (WETH) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLT and WETH?
Over the past 3 years, BOLT and WETH moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2020.4 %².
WETH is close to the least connected end of BOLT's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months WETH outperformed by 42.5 percentage points (-25.2% for BOLT against +17.3% for WETH). Note the risk asymmetry: WETH runs 1.9 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.
BOLT vs WETH: side by side
| BOLT (Bolt Biotherapeutics, Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | -25.2% | +17.3% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 58.4% | 112.1% |
| Beta vs S&P 500 | 0.45 | 1.71 |
| Max drawdown (3Y) | -89.4% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLT | WETH |
|---|---|---|
| 2022 | -73.5% | – |
| 2023 | -13.8% | – |
| 2024 | -52.2% | – |
| 2025 | -48.9% | -24.3% |
| 2026 | -26.8% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLT and WETH good diversifiers for each other?
Yes. With a correlation of -0.30, BOLT and WETH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BOLT and WETH?
The BOLT/WETH correlation stands at -0.30 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WETH a good diversifier for BOLT?
Yes. With a correlation of -0.30, BOLT and WETH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/bolt-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bolt-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: BOLT correlations · WETH correlations
