ARBE vs BBOT: Correlation
Measured on weekly returns over the past three years, Arbe Robotics Ltd. (ARBE) and BridgeBio Oncology Therapeutics, Inc. (BBOT) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBE and BBOT?
Across a 3-year window, the weekly returns of ARBE and BBOT correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.33 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1060.5 %².
Among the 14 assets we track against ARBE, BBOT sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months BBOT outperformed by 50.8 percentage points (-52.1% for ARBE against -1.3% for BBOT). Note the risk asymmetry: ARBE runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARBE vs BBOT: side by side
| ARBE (Arbe Robotics Ltd.) | BBOT (BridgeBio Oncology Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -52.1% | -1.3% |
| 5-year return | -93.4% | n/a |
| Volatility (ann.) | 87.7% | 34.5% |
| Beta vs S&P 500 | 2.41 | 0.30 |
| Max drawdown (3Y) | -86.1% | -48.1% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBE | BBOT |
|---|---|---|
| 2022 | -63.3% | – |
| 2023 | -36.1% | – |
| 2024 | -14.7% | – |
| 2025 | -36.6% | +19.2% |
| 2026 | -43.6% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBE and BBOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARBE and BBOT?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is BBOT a good diversifier for ARBE?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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
$ curl https://www.pairbook.io/api/v1/pairs/arbe-vs-bbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arbe-vs-bbot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARBE correlations · BBOT correlations
