GNTX vs REPL: Correlation
Measured on weekly returns over the past three years, Gentex Corporation (GNTX) and Replimune Group, Inc. (REPL) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNTX and REPL?
Over the past 3 years, GNTX and REPL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -900.3 %².
Among the 12 assets we track against GNTX, REPL sits near the bottom by co-movement, at rank #10. The last year tells two different stories: REPL led by 199.3 percentage points, -17.2% for GNTX against +182.1% for REPL. Note the risk asymmetry: REPL runs 6.2 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.
GNTX vs REPL: side by side
| GNTX (Gentex Corporation) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | -17.2% | +182.1% |
| 5-year return | -18.8% | -50.4% |
| Volatility (ann.) | 24.9% | 153.7% |
| Beta vs S&P 500 | 0.61 | 0.48 |
| Max drawdown (3Y) | -43.0% | -92.0% |
| Market cap | $4.9B | $1.5B |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNTX | REPL |
|---|---|---|
| 2022 | -20.4% | +0.4% |
| 2023 | +21.8% | -69.0% |
| 2024 | -10.7% | +43.7% |
| 2025 | -17.4% | -19.7% |
| 2026 | +0.7% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNTX and REPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNTX and REPL?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.19 over the last year and -0.13 over 5 years.
Is REPL a good diversifier for GNTX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gntx-vs-repl.json
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[](https://www.pairbook.io/pair/gntx-vs-repl/)
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Related comparisons
Hubs: GNTX correlations · REPL correlations
