FEBO vs GOVX: Correlation
How closely do Fenbo Holdings Limited - Class A (FEBO) and GeoVax Labs, Inc. (GOVX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEBO and GOVX?
On 3 years of weekly data the FEBO/GOVX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -4784.9 %².
Out of 10 assets tracked against FEBO, GOVX lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with FEBO ahead by 93.1 points (-3.1% versus -96.2%). Note the risk asymmetry: GOVX runs 2.8 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.
FEBO vs GOVX: side by side
| FEBO (Fenbo Holdings Limited - Class A) | GOVX (GeoVax Labs, Inc.) | |
|---|---|---|
| 1-year return | -3.1% | -96.2% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 81.1% | 230.2% |
| Beta vs S&P 500 | 0.19 | 2.89 |
| Max drawdown (3Y) | -96.0% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEBO | GOVX |
|---|---|---|
| 2022 | – | -82.6% |
| 2023 | – | -42.7% |
| 2024 | -65.6% | -54.4% |
| 2025 | -23.6% | -93.1% |
| 2026 | -45.9% | -83.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEBO and GOVX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between FEBO and GOVX?
As of 2026-08-27, the correlation of weekly returns between FEBO and GOVX is -0.25 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is GOVX a good diversifier for FEBO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FEBO correlations · GOVX correlations
