GANX vs GEVO: Correlation
How closely do Gain Therapeutics, Inc. (GANX) and Gevo, Inc. (GEVO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GANX and GEVO?
On 3 years of weekly data the GANX/GEVO correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.45). The 5-year figure is 0.41, and annualized covariance runs at 4241.2 %².
GEVO is one of the assets that tracks GANX most closely: it ranks #1 out of the 10 assets we track against GANX. The trailing year gives GANX the advantage: -0.5% versus -5.6%, a 5.1-point spread.
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.
GANX vs GEVO: side by side
| GANX (Gain Therapeutics, Inc.) | GEVO (Gevo, Inc.) | |
|---|---|---|
| 1-year return | -0.5% | -5.6% |
| 5-year return | -76.4% | -72.4% |
| Volatility (ann.) | 98.1% | 95.1% |
| Beta vs S&P 500 | 1.61 | 1.49 |
| Max drawdown (3Y) | -81.4% | -69.0% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GANX | GEVO |
|---|---|---|
| 2022 | -42.4% | -55.6% |
| 2023 | +4.3% | -38.9% |
| 2024 | -33.8% | +80.2% |
| 2025 | +49.1% | -4.3% |
| 2026 | -42.5% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GANX and GEVO good diversifiers for each other?
Reasonably. At 0.45, GANX and GEVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GANX and GEVO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.12 over the last year and 0.41 over 5 years.
Is GEVO a good diversifier for GANX?
Reasonably. At 0.45, GANX and GEVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/ganx-vs-gevo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ganx-vs-gevo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GANX correlations · GEVO correlations
