FTEK vs GALT: Correlation
Measured on weekly returns over the past three years, Fuel Tech, Inc. (FTEK) and Galectin Therapeutics Inc. (GALT) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTEK and GALT?
Across a 3-year window, the weekly returns of FTEK and GALT correlate at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.34). Stretching to 5 years gives 0.28, with an annualized covariance of 1972.6 %².
Among the 13 assets we track against FTEK, GALT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GALT ahead by 53.8 points (-49.8% versus +4.0%). Risk is not evenly split, since GALT carries 1.7 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.
FTEK vs GALT: side by side
| FTEK (Fuel Tech, Inc.) | GALT (Galectin Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -49.8% | +4.0% |
| 5-year return | -21.1% | +7.5% |
| Volatility (ann.) | 58.1% | 99.6% |
| Beta vs S&P 500 | 0.70 | 0.29 |
| Max drawdown (3Y) | -67.2% | -80.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTEK | GALT |
|---|---|---|
| 2022 | -9.3% | -45.4% |
| 2023 | -17.3% | +46.9% |
| 2024 | +0.0% | -22.3% |
| 2025 | +48.6% | +222.5% |
| 2026 | -6.4% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTEK and GALT good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FTEK and GALT?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.61 over the last year and 0.28 over 5 years.
Is GALT a good diversifier for FTEK?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/ftek-vs-galt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftek-vs-galt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTEK correlations · GALT correlations
