FTCI vs GEVO: Correlation
How closely do FTC Solar, Inc. (FTCI) and Gevo, Inc. (GEVO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTCI and GEVO?
Across a 3-year window, the weekly returns of FTCI and GEVO correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.50 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 5777.5 %².
GEVO is one of the assets that tracks FTCI most closely: it ranks #2 out of the 12 assets we track against FTCI. The last year tells two different stories: GEVO led by 56.8 percentage points, -62.4% for FTCI against -5.6% for GEVO.
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.
FTCI vs GEVO: side by side
| FTCI (FTC Solar, Inc.) | GEVO (Gevo, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -5.6% |
| 5-year return | -97.8% | -72.4% |
| Volatility (ann.) | 122.6% | 95.1% |
| Beta vs S&P 500 | 2.61 | 1.49 |
| Max drawdown (3Y) | -90.4% | -69.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTCI | GEVO |
|---|---|---|
| 2022 | -64.6% | -55.6% |
| 2023 | -74.1% | -38.9% |
| 2024 | -20.5% | +80.2% |
| 2025 | +98.0% | -4.3% |
| 2026 | -77.7% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTCI and GEVO good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTCI and GEVO?
As of 2026-08-27, the correlation of weekly returns between FTCI and GEVO is 0.50 over 3 years, -0.02 over 1 year and 0.44 over 5 years.
Is GEVO a good diversifier for FTCI?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ftci-vs-gevo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftci-vs-gevo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTCI correlations · GEVO correlations
