LIQT vs SNGX: Correlation
Measured on weekly returns over the past three years, LiqTech International, Inc. (LIQT) and Soligenix, Inc. (SNGX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIQT and SNGX?
Across a 3-year window, the weekly returns of LIQT and SNGX correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -3237.7 %².
Among the 12 assets we track against LIQT, SNGX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: LIQT led by 16.2 percentage points, -71.1% for LIQT against -87.3% for SNGX. Note the risk asymmetry: SNGX runs 3.0 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.
LIQT vs SNGX: side by side
| LIQT (LiqTech International, Inc.) | SNGX (Soligenix, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -87.3% |
| 5-year return | -98.6% | -99.8% |
| Volatility (ann.) | 68.6% | 205.9% |
| Beta vs S&P 500 | 0.75 | 0.50 |
| Max drawdown (3Y) | -87.4% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIQT | SNGX |
|---|---|---|
| 2022 | -93.4% | -31.8% |
| 2023 | +12.2% | -88.7% |
| 2024 | -46.0% | -77.8% |
| 2025 | -20.7% | -50.4% |
| 2026 | -61.6% | -71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIQT and SNGX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIQT and SNGX?
The LIQT/SNGX correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is SNGX a good diversifier for LIQT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/liqt-vs-sngx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/liqt-vs-sngx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIQT correlations · SNGX correlations
