ARW vs BBOT: Correlation
How closely do Arrow Electronics, Inc. (ARW) and BridgeBio Oncology Therapeutics, Inc. (BBOT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and BBOT?
Over the past 3 years, ARW and BBOT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -262.5 %².
Among the 13 assets we track against ARW, BBOT sits near the bottom by co-movement, at rank #11. The last year tells two different stories: ARW led by 64.8 percentage points, +63.5% for ARW against -1.3% for BBOT.
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.
ARW vs BBOT: side by side
| ARW (Arrow Electronics, Inc.) | BBOT (BridgeBio Oncology Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +63.5% | -1.3% |
| 5-year return | +70.1% | n/a |
| Volatility (ann.) | 30.4% | 34.5% |
| Beta vs S&P 500 | 0.99 | 0.30 |
| Max drawdown (3Y) | -34.1% | -48.1% |
| Market cap | $10.6B | $0.7B |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | BBOT |
|---|---|---|
| 2022 | -22.1% | – |
| 2023 | +16.9% | – |
| 2024 | -7.5% | – |
| 2025 | -2.6% | +19.2% |
| 2026 | +89.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and BBOT good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARW and BBOT?
As of 2026-08-27, the correlation of weekly returns between ARW and BBOT is -0.24 over 3 years, -0.31 over 1 year and n/a over 5 years.
Is BBOT a good diversifier for ARW?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: ARW correlations · BBOT correlations
