GEVO vs SLDP: Correlation
Measured on weekly returns over the past three years, Gevo, Inc. (GEVO) and Solid Power, Inc. (SLDP) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEVO and SLDP?
Across a 3-year window, the weekly returns of GEVO and SLDP correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.42, with an annualized covariance of 3507.6 %².
Among the 11 assets we track against GEVO, SLDP ranks #4 by 3-year correlation. The last year tells two different stories: GEVO led by 40.8 percentage points, -5.6% for GEVO against -46.4% for SLDP.
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 SLDP: side by side
| GEVO (Gevo, Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | -46.4% |
| 5-year return | -72.4% | -76.1% |
| Volatility (ann.) | 95.1% | 87.4% |
| Beta vs S&P 500 | 1.49 | 1.88 |
| Max drawdown (3Y) | -69.0% | -76.5% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEVO | SLDP |
|---|---|---|
| 2022 | -55.6% | -70.9% |
| 2023 | -38.9% | -42.9% |
| 2024 | +80.2% | +30.3% |
| 2025 | -4.3% | +124.9% |
| 2026 | -16.0% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEVO and SLDP good diversifiers for each other?
Reasonably. At 0.42, GEVO and SLDP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GEVO and SLDP?
The GEVO/SLDP correlation stands at 0.42 on a 3-year window (1 year: 0.23, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SLDP a good diversifier for GEVO?
Reasonably. At 0.42, GEVO and SLDP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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
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Related comparisons
Hubs: GEVO correlations · SLDP correlations
