AI vs BBAI: Correlation
How closely do C3.ai, Inc. (AI) and BigBear.ai, Inc. (BBAI) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AI and BBAI?
Across a 3-year window, the weekly returns of AI and BBAI correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 4768.6 %².
In AI's tracked universe of 15 assets, BBAI sits right near the top at #1. Their 12-month results are close: -40.3% for AI against -37.8% for BBAI. Risk is not evenly split, since BBAI carries 1.9 times the volatility of the other side.
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.
AI vs BBAI: side by side
| AI (C3.ai, Inc.) | BBAI (BigBear.ai, Inc.) | |
|---|---|---|
| 1-year return | -40.3% | -37.8% |
| 5-year return | -79.8% | -67.6% |
| Volatility (ann.) | 65.5% | 126.2% |
| Beta vs S&P 500 | 2.09 | 3.30 |
| Max drawdown (3Y) | -81.9% | -75.6% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AI | BBAI |
|---|---|---|
| 2022 | -64.2% | -88.1% |
| 2023 | +156.6% | +217.5% |
| 2024 | +19.9% | +107.9% |
| 2025 | -60.8% | +21.3% |
| 2026 | -23.4% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AI and BBAI good diversifiers for each other?
Only partially. A correlation of 0.58 means AI and BBAI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AI and BBAI?
The AI/BBAI correlation stands at 0.58 on a 3-year window (1 year: 0.61, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is BBAI a good diversifier for AI?
Only partially. A correlation of 0.58 means AI and BBAI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ai-vs-bbai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ai-vs-bbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AI correlations · BBAI correlations
