GANX vs NFGC: Correlation
Gain Therapeutics, Inc. (GANX) and New Found Gold Corp (NFGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GANX and NFGC?
Over the past 3 years, GANX and NFGC moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2426.0 %².
NFGC is one of the assets that tracks GANX most closely: it ranks #2 out of the 10 assets we track against GANX. The last year tells two different stories: NFGC led by 15.9 percentage points, -0.5% for GANX against +15.4% for NFGC. One caveat on sizing: GANX is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NFGC: side by side
| GANX (Gain Therapeutics, Inc.) | NFGC (New Found Gold Corp) | |
|---|---|---|
| 1-year return | -0.5% | +15.4% |
| 5-year return | -76.4% | -71.1% |
| Volatility (ann.) | 98.1% | 64.2% |
| Beta vs S&P 500 | 1.61 | 1.22 |
| Max drawdown (3Y) | -81.4% | -78.7% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GANX | NFGC |
|---|---|---|
| 2022 | -42.4% | -43.5% |
| 2023 | +4.3% | -13.4% |
| 2024 | -33.8% | -48.0% |
| 2025 | +49.1% | +63.2% |
| 2026 | -42.5% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GANX and NFGC good diversifiers for each other?
Reasonably. At 0.39, GANX and NFGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GANX and NFGC?
As of 2026-08-27, the correlation of weekly returns between GANX and NFGC is 0.39 over 3 years, 0.44 over 1 year and 0.32 over 5 years.
Is NFGC a good diversifier for GANX?
Reasonably. At 0.39, GANX and NFGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ganx-vs-nfgc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ganx-vs-nfgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GANX correlations · NFGC correlations
