BTAI vs HLLY: Correlation
How closely do BioXcel Therapeutics, Inc. (BTAI) and Holley Inc. (HLLY) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTAI and HLLY?
Over the past 3 years, BTAI and HLLY moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.50). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 4839.3 %².
In BTAI's tracked universe of 11 assets, HLLY sits right near the top at #2. Correlation aside, the last 12 months split them widely, with HLLY ahead by 56.4 points (-81.8% versus -25.4%). Note the risk asymmetry: BTAI runs 2.7 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.
BTAI vs HLLY: side by side
| BTAI (BioXcel Therapeutics, Inc.) | HLLY (Holley Inc.) | |
|---|---|---|
| 1-year return | -81.8% | -25.4% |
| 5-year return | -99.8% | -74.8% |
| Volatility (ann.) | 162.0% | 60.1% |
| Beta vs S&P 500 | 2.19 | 1.33 |
| Max drawdown (3Y) | -99.2% | -70.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTAI | HLLY |
|---|---|---|
| 2022 | +5.7% | -83.7% |
| 2023 | -86.3% | +129.7% |
| 2024 | -87.3% | -38.0% |
| 2025 | -73.3% | +36.8% |
| 2026 | -55.1% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTAI and HLLY good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BTAI and HLLY?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.04 over the last year and 0.32 over 5 years.
Is HLLY a good diversifier for BTAI?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/btai-vs-hlly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btai-vs-hlly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTAI correlations · HLLY correlations
