BVN vs NBTX: Correlation
Measured on weekly returns over the past three years, Buenaventura Mining Company Inc. (BVN) and Nanobiotix S.A. (NBTX) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVN and NBTX?
On 3 years of weekly data the BVN/NBTX correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 1058.0 %².
Among the 11 assets we track against BVN, NBTX ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NBTX outperformed by 301.7 percentage points (+100.6% for BVN against +402.3% for NBTX). One caveat on sizing: NBTX is 1.6 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.
BVN vs NBTX: side by side
| BVN (Buenaventura Mining Company Inc.) | NBTX (Nanobiotix S.A.) | |
|---|---|---|
| 1-year return | +100.6% | +402.3% |
| 5-year return | +411.8% | +223.5% |
| Volatility (ann.) | 44.9% | 72.0% |
| Beta vs S&P 500 | 0.86 | 0.72 |
| Max drawdown (3Y) | -38.3% | -73.2% |
| Market cap | – | $2.3B |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 3.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVN | NBTX |
|---|---|---|
| 2022 | +2.5% | -54.7% |
| 2023 | +106.5% | +98.4% |
| 2024 | -24.1% | -60.6% |
| 2025 | +146.4% | +705.6% |
| 2026 | +34.2% | +95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVN and NBTX good diversifiers for each other?
Reasonably. At 0.33, BVN and NBTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BVN and NBTX?
As of 2026-08-27, the correlation of weekly returns between BVN and NBTX is 0.33 over 3 years, 0.41 over 1 year and 0.19 over 5 years.
Is NBTX a good diversifier for BVN?
Reasonably. At 0.33, BVN and NBTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/bvn-vs-nbtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bvn-vs-nbtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BVN correlations · NBTX correlations
