AIIO vs SBFM: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Sunshine Biopharma Inc. (SBFM) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and SBFM?
Across a 3-year window, the weekly returns of AIIO and SBFM correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.23 over 3 years. Stretching to 5 years gives -0.18, with an annualized covariance of -8000.3 %².
By 3-year correlation, SBFM places #22 of the 35 assets tracked against AIIO. Their 12-month results are close: -91.3% for AIIO against -91.4% for SBFM. Risk is not evenly split, since AIIO carries 2.3 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.
AIIO vs SBFM: side by side
| AIIO (Robo.ai Inc. - Class B) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | -91.3% | -91.4% |
| 5-year return | -98.8% | -100.0% |
| Volatility (ann.) | 280.6% | 123.8% |
| Beta vs S&P 500 | 0.74 | 1.40 |
| Max drawdown (3Y) | -99.7% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | SBFM |
|---|---|---|
| 2022 | -9.2% | – |
| 2023 | -27.5% | -57.5% |
| 2024 | -91.0% | -99.4% |
| 2025 | -56.6% | -59.0% |
| 2026 | -61.3% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and SBFM good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIIO and SBFM?
As of 2026-08-27, the correlation of weekly returns between AIIO and SBFM is -0.23 over 3 years, -0.57 over 1 year and -0.18 over 5 years.
Is SBFM a good diversifier for AIIO?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AIIO correlations · SBFM correlations
