GNPX vs VLTO: Correlation
Measured on weekly returns over the past three years, Genprex, Inc. (GNPX) and Veralto (VLTO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNPX and VLTO?
Over the past 3 years, GNPX and VLTO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1162.4 %².
Within GNPX's tracked universe of 33 assets, VLTO comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLTO ahead by 90.2 points (-98.1% versus -7.9%). Note the risk asymmetry: GNPX runs 12.0 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 VLTO: side by side
| GNPX (Genprex, Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -98.1% | -7.9% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 255.0% | 21.2% |
| Beta vs S&P 500 | -0.45 | 0.66 |
| Max drawdown (3Y) | -100.0% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | 0.1 | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GNPX | VLTO |
|---|---|---|
| 2022 | +10.7% | – |
| 2023 | -84.1% | – |
| 2024 | -90.7% | +24.3% |
| 2025 | -95.9% | -1.6% |
| 2026 | -90.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNPX and VLTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNPX and VLTO?
As of 2026-08-27, the correlation of weekly returns between GNPX and VLTO is -0.21 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for GNPX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/gnpx-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gnpx-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNPX correlations · VLTO correlations
