MBOT vs ONCO: Correlation
Measured on weekly returns over the past three years, Microbot Medical Inc. (MBOT) and Onconetix, Inc. (ONCO) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBOT and ONCO?
Over the past 3 years, MBOT and ONCO moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 5985.4 %².
By 3-year correlation, ONCO places #7 of the 19 assets tracked against MBOT. Their recent paths diverged sharply: over the last 12 months MBOT outperformed by 36.5 percentage points (-63.1% for MBOT against -99.6% for ONCO).
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.
MBOT vs ONCO: side by side
| MBOT (Microbot Medical Inc.) | ONCO (Onconetix, Inc.) | |
|---|---|---|
| 1-year return | -63.1% | -99.6% |
| 5-year return | -79.9% | -100.0% |
| Volatility (ann.) | 97.0% | 145.0% |
| Beta vs S&P 500 | 1.83 | 1.80 |
| Max drawdown (3Y) | -67.3% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBOT | ONCO |
|---|---|---|
| 2022 | -59.9% | – |
| 2023 | -45.5% | -82.0% |
| 2024 | -31.7% | -92.0% |
| 2025 | +78.6% | -97.1% |
| 2026 | -25.0% | -99.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBOT and ONCO good diversifiers for each other?
Reasonably. At 0.43, MBOT and ONCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MBOT and ONCO?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.16 over the last year and 0.30 over 5 years.
Is ONCO a good diversifier for MBOT?
Reasonably. At 0.43, MBOT and ONCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/mbot-vs-onco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbot-vs-onco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBOT correlations · ONCO correlations
