NBTX vs PEW: Correlation
How closely do Nanobiotix S.A. (NBTX) and GrabAGun Digital Holdings Inc. (PEW) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBTX and PEW?
Over the past 3 years, NBTX and PEW moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -723.7 %².
Out of 10 assets tracked against NBTX, PEW lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with NBTX ahead by 459.4 points (+402.3% versus -57.1%).
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.
NBTX vs PEW: side by side
| NBTX (Nanobiotix S.A.) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | +402.3% | -57.1% |
| 5-year return | +223.5% | n/a |
| Volatility (ann.) | 72.0% | 51.2% |
| Beta vs S&P 500 | 0.72 | 0.44 |
| Max drawdown (3Y) | -73.2% | -86.8% |
| Market cap | $2.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBTX | PEW |
|---|---|---|
| 2022 | -54.7% | – |
| 2023 | +98.4% | – |
| 2024 | -60.6% | – |
| 2025 | +705.6% | -74.4% |
| 2026 | +95.3% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBTX and PEW good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NBTX and PEW?
The NBTX/PEW correlation stands at -0.19 on a 3-year window (1 year: -0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PEW a good diversifier for NBTX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/nbtx-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbtx-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBTX correlations · PEW correlations
