MIND vs RZLT: Correlation
MIND Technology, Inc. (MIND) and Rezolute, Inc. (RZLT) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIND and RZLT?
On 3 years of weekly data the MIND/RZLT correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 2584.7 %².
Within MIND's tracked universe of 15 assets, RZLT comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RZLT outperformed by 25.1 percentage points (-55.9% for MIND against -30.8% for RZLT).
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.
MIND vs RZLT: side by side
| MIND (MIND Technology, Inc.) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | -55.9% | -30.8% |
| 5-year return | -77.3% | -47.6% |
| Volatility (ann.) | 79.5% | 103.6% |
| Beta vs S&P 500 | 0.91 | 0.65 |
| Max drawdown (3Y) | -70.0% | -87.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | 27.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIND | RZLT |
|---|---|---|
| 2022 | -72.8% | -56.7% |
| 2023 | +43.3% | -52.0% |
| 2024 | +20.5% | +393.5% |
| 2025 | +10.7% | -51.8% |
| 2026 | -49.4% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIND and RZLT good diversifiers for each other?
Reasonably. At 0.31, MIND and RZLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MIND and RZLT?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.37 over the last year and 0.24 over 5 years.
Is RZLT a good diversifier for MIND?
Reasonably. At 0.31, MIND and RZLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/mind-vs-rzlt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mind-vs-rzlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MIND correlations · RZLT correlations
