DNA vs PACB: Correlation
Ginkgo Bioworks Holdings, Inc. (DNA) and Pacific Biosciences of California, Inc. (PACB) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNA and PACB?
Over the past 3 years, DNA and PACB moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 4733.7 %².
Among the 13 assets we track against DNA, PACB ranks #4 by 3-year correlation. The last year tells two different stories: PACB led by 57.7 percentage points, -41.2% for DNA against +16.5% for PACB.
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 PACB: side by side
| DNA (Ginkgo Bioworks Holdings, Inc.) | PACB (Pacific Biosciences of California, Inc.) | |
|---|---|---|
| 1-year return | -41.2% | +16.5% |
| 5-year return | -98.2% | -94.9% |
| Volatility (ann.) | 100.2% | 93.3% |
| Beta vs S&P 500 | 2.77 | 1.21 |
| Max drawdown (3Y) | -94.3% | -92.2% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNA | PACB |
|---|---|---|
| 2022 | -79.7% | -60.0% |
| 2023 | +0.0% | +19.9% |
| 2024 | -85.5% | -81.3% |
| 2025 | -15.4% | +2.2% |
| 2026 | -12.6% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNA and PACB good diversifiers for each other?
Only partially. A correlation of 0.51 means DNA and PACB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DNA and PACB?
The DNA/PACB correlation stands at 0.51 on a 3-year window (1 year: 0.56, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is PACB a good diversifier for DNA?
Only partially. A correlation of 0.51 means DNA and PACB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/dna-vs-pacb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dna-vs-pacb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNA correlations · PACB correlations
