GEVO vs ONCO: Correlation
How closely do Gevo, Inc. (GEVO) and Onconetix, Inc. (ONCO) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEVO and ONCO?
On 3 years of weekly data the GEVO/ONCO correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.37). The 5-year figure is 0.31, and annualized covariance runs at 5164.4 %².
By 3-year correlation, ONCO places #6 of the 11 assets tracked against GEVO. Correlation aside, the last 12 months split them widely, with GEVO ahead by 94.0 points (-5.6% versus -99.6%). Risk is not evenly split, since ONCO carries 1.5 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.
GEVO vs ONCO: side by side
| GEVO (Gevo, Inc.) | ONCO (Onconetix, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | -99.6% |
| 5-year return | -72.4% | -100.0% |
| Volatility (ann.) | 95.1% | 145.0% |
| Beta vs S&P 500 | 1.49 | 1.80 |
| Max drawdown (3Y) | -69.0% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEVO | ONCO |
|---|---|---|
| 2022 | -55.6% | – |
| 2023 | -38.9% | -82.0% |
| 2024 | +80.2% | -92.0% |
| 2025 | -4.3% | -97.1% |
| 2026 | -16.0% | -99.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEVO and ONCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GEVO and ONCO?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.16 over the last year and 0.31 over 5 years.
Is ONCO a good diversifier for GEVO?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/gevo-vs-onco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gevo-vs-onco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEVO correlations · ONCO correlations
