ERIE vs GNPX: Correlation
Measured on weekly returns over the past three years, Erie Indemnity (ERIE) and Genprex, Inc. (GNPX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and GNPX?
Across a 3-year window, the weekly returns of ERIE and GNPX correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.18 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -1378.0 %².
Among the 33 assets we track against ERIE, GNPX ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ERIE ahead by 73.6 points (-24.5% versus -98.1%). Risk is not evenly split, since GNPX carries 8.4 times the volatility of the other side.
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.
ERIE vs GNPX: side by side
| ERIE (Erie Indemnity) | GNPX (Genprex, Inc.) | |
|---|---|---|
| 1-year return | -24.5% | -98.1% |
| 5-year return | +61.3% | -100.0% |
| Volatility (ann.) | 30.3% | 255.0% |
| Beta vs S&P 500 | 0.37 | -0.45 |
| Max drawdown (3Y) | -60.9% | -100.0% |
| Market cap | $13.6B | – |
| P/E (trailing) | 23.4 | 0.1 |
| Dividend yield | 2.24% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ERIE | GNPX |
|---|---|---|
| 2022 | +32.0% | +10.7% |
| 2023 | +37.3% | -84.1% |
| 2024 | +24.7% | -90.7% |
| 2025 | -29.4% | -95.9% |
| 2026 | -8.0% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and GNPX good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ERIE and GNPX?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.02 over the last year and -0.11 over 5 years.
Is GNPX a good diversifier for ERIE?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/erie-vs-gnpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/erie-vs-gnpx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERIE correlations · GNPX correlations
