GPRO vs HBIO: Correlation
Measured on weekly returns over the past three years, GoPro, Inc. (GPRO) and Harvard Bioscience, Inc. (HBIO) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and HBIO?
Across a 3-year window, the weekly returns of GPRO and HBIO correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.40, with an annualized covariance of 3254.6 %².
By 3-year correlation, HBIO places #6 of the 15 assets tracked against GPRO. The last year tells two different stories: HBIO led by 113.5 percentage points, -64.4% for GPRO against +49.1% for HBIO.
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.
GPRO vs HBIO: side by side
| GPRO (GoPro, Inc.) | HBIO (Harvard Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +49.1% |
| 5-year return | -93.9% | -90.4% |
| Volatility (ann.) | 96.8% | 75.4% |
| Beta vs S&P 500 | 2.84 | 1.79 |
| Max drawdown (3Y) | -87.2% | -94.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | HBIO |
|---|---|---|
| 2022 | -51.7% | -60.7% |
| 2023 | -30.3% | +93.1% |
| 2024 | -68.6% | -60.6% |
| 2025 | +29.4% | -68.2% |
| 2026 | -57.1% | +17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and HBIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPRO and HBIO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.35 over the last year and 0.40 over 5 years.
Is HBIO a good diversifier for GPRO?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/gpro-vs-hbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpro-vs-hbio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPRO correlations · HBIO correlations
