Which stocks are most correlated with BNTX?

Based on one year of daily returns, the stocks most correlated with BioNTech SE American Depositary Share (BNTX) are IDNA (0.61), MRNA (0.59) and GNOM (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BNTX?

Over the past year, the stocks most inversely correlated with BioNTech SE American Depositary Share (BNTX) are BIS (-0.51), LABD (-0.46) and RXD (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

BioNTech SE American Depositary Share (BNTX) — Stock Correlations & Overview

Over the past year, BNTX has moved most closely with IDNA, MRNA, GNOM. Explore the stocks most correlated and inversely correlated with BNTX below, along with its price, financials, and company profile.

Stocks correlated with BNTX

Correlation of daily returns. Higher positive values move with BNTX; negative values move opposite it. Informational only, not investment advice.

Most correlated with BNTX

Symbol	Company	Correlation
IDNA	iShares Genomics Immunology and Healthcare ETF	0.61
MRNA	Moderna, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.59
GNOM	Global X Genomics & Biotechnology ETF	0.57
MRNY	YieldMax MRNA Option Income Strategy ETF	0.57
WDNA	WisdomTree BioRevolution Fund	0.56

Most inversely correlated with BNTX

Symbol	Company	Correlation
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.51
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-0.46
RXD	ProShares UltraShort Health Care	-0.36
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.35
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.32

Frequently asked questions about BNTX correlations

Which stocks are most correlated with BNTX?: Based on one year of daily returns, the stocks most correlated with BioNTech SE American Depositary Share (BNTX) are IDNA (0.61), MRNA (0.59) and GNOM (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BNTX?: Over the past year, the stocks most inversely correlated with BioNTech SE American Depositary Share (BNTX) are BIS (-0.51), LABD (-0.46) and RXD (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BNTX correlations calculated?: We compute the correlation of daily returns between BNTX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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