GNPX vs NUE: Correlation
Measured on weekly returns over the past three years, Genprex, Inc. (GNPX) and Nucor (NUE) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNPX and NUE?
Over the past 3 years, GNPX and NUE moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -2163.5 %².
Among the 33 assets we track against GNPX, NUE ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NUE ahead by 168.2 points (-98.1% versus +70.1%). Note the risk asymmetry: GNPX runs 7.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NUE: side by side
| GNPX (Genprex, Inc.) | NUE (Nucor) | |
|---|---|---|
| 1-year return | -98.1% | +70.1% |
| 5-year return | -100.0% | +124.6% |
| Volatility (ann.) | 255.0% | 33.3% |
| Beta vs S&P 500 | -0.45 | 1.08 |
| Max drawdown (3Y) | -100.0% | -47.8% |
| Market cap | – | $57.3B |
| P/E (trailing) | 0.1 | 20.1 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GNPX | NUE |
|---|---|---|
| 2022 | +10.7% | +17.4% |
| 2023 | -84.1% | +33.8% |
| 2024 | -90.7% | -32.0% |
| 2025 | -95.9% | +42.0% |
| 2026 | -90.6% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNPX and NUE good diversifiers for each other?
Yes. With a correlation of -0.25, GNPX and NUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GNPX and NUE?
As of 2026-08-27, the correlation of weekly returns between GNPX and NUE is -0.25 over 3 years, -0.29 over 1 year and -0.11 over 5 years.
Is NUE a good diversifier for GNPX?
Yes. With a correlation of -0.25, GNPX and NUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GNPX correlations · NUE correlations
