DNA vs HSCS: Correlation
Ginkgo Bioworks Holdings, Inc. (DNA) and HeartSciences Inc. (HSCS) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNA and HSCS?
Across a 3-year window, the weekly returns of DNA and HSCS correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 3344.6 %².
HSCS is close to the least connected end of DNA's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with HSCS ahead by 33.5 points (-41.2% versus -7.7%).
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.
DNA vs HSCS: side by side
| DNA (Ginkgo Bioworks Holdings, Inc.) | HSCS (HeartSciences Inc.) | |
|---|---|---|
| 1-year return | -41.2% | -7.7% |
| 5-year return | -98.2% | -98.7% |
| Volatility (ann.) | 100.2% | 104.0% |
| Beta vs S&P 500 | 2.77 | 0.88 |
| Max drawdown (3Y) | -94.3% | -98.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNA | HSCS |
|---|---|---|
| 2022 | -79.7% | – |
| 2023 | +0.0% | -79.6% |
| 2024 | -85.5% | -77.7% |
| 2025 | -15.4% | -19.1% |
| 2026 | -12.6% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNA and HSCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DNA and HSCS?
As of 2026-08-27, the correlation of weekly returns between DNA and HSCS is 0.32 over 3 years, 0.28 over 1 year and 0.23 over 5 years.
Is HSCS a good diversifier for DNA?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/dna-vs-hscs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dna-vs-hscs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNA correlations · HSCS correlations
