AZIO vs BBOT: Correlation
Measured on weekly returns over the past three years, Azio AI Holdings, Inc. (AZIO) and BridgeBio Oncology Therapeutics, Inc. (BBOT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZIO and BBOT?
Across a 3-year window, the weekly returns of AZIO and BBOT correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -3969.4 %².
Out of 18 assets tracked against AZIO, BBOT lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months BBOT outperformed by 42.2 percentage points (-43.5% for AZIO against -1.3% for BBOT). Note the risk asymmetry: AZIO runs 11.7 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.
AZIO vs BBOT: side by side
| AZIO (Azio AI Holdings, Inc.) | BBOT (BridgeBio Oncology Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -43.5% | -1.3% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 404.0% | 34.5% |
| Beta vs S&P 500 | 1.20 | 0.30 |
| Max drawdown (3Y) | -98.8% | -48.1% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZIO | BBOT |
|---|---|---|
| 2022 | -52.7% | – |
| 2023 | -36.2% | – |
| 2024 | -11.0% | – |
| 2025 | -97.0% | +19.2% |
| 2026 | +276.0% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZIO and BBOT good diversifiers for each other?
Yes. With a correlation of -0.26, AZIO and BBOT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AZIO and BBOT?
The AZIO/BBOT correlation stands at -0.26 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is BBOT a good diversifier for AZIO?
Yes. With a correlation of -0.26, AZIO and BBOT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/azio-vs-bbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/azio-vs-bbot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AZIO correlations · BBOT correlations
