GNPX vs NEM: Correlation
How closely do Genprex, Inc. (GNPX) and Newmont (NEM) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNPX and NEM?
Across a 3-year window, the weekly returns of GNPX and NEM correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.17). Stretching to 5 years gives -0.14, with an annualized covariance of -1878.8 %².
Among the 33 assets we track against GNPX, NEM ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NEM ahead by 182.8 points (-98.1% versus +84.7%). Risk is not evenly split, since GNPX carries 5.9 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.
GNPX vs NEM: side by side
| GNPX (Genprex, Inc.) | NEM (Newmont) | |
|---|---|---|
| 1-year return | -98.1% | +84.7% |
| 5-year return | -100.0% | +165.9% |
| Volatility (ann.) | 255.0% | 43.0% |
| Beta vs S&P 500 | -0.45 | 0.87 |
| Max drawdown (3Y) | -100.0% | -36.6% |
| Market cap | – | $139.4B |
| P/E (trailing) | 0.1 | 16.6 |
| Dividend yield | 0.00% | 0.78% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GNPX | NEM |
|---|---|---|
| 2022 | +10.7% | -20.8% |
| 2023 | -84.1% | -8.8% |
| 2024 | -90.7% | -7.8% |
| 2025 | -95.9% | +172.8% |
| 2026 | -90.6% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNPX and NEM good diversifiers for each other?
Yes. With a correlation of -0.17, GNPX and NEM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GNPX and NEM?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.14 over the last year and -0.14 over 5 years.
Is NEM a good diversifier for GNPX?
Yes. With a correlation of -0.17, GNPX and NEM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
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Related comparisons
Hubs: GNPX correlations · NEM correlations
