BBIO vs SNDX: Correlation
How closely do BridgeBio Pharma, Inc. (BBIO) and Syndax Pharmaceuticals, Inc. (SNDX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBIO and SNDX?
On 3 years of weekly data the BBIO/SNDX correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.45 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 1226.1 %².
Within BBIO's tracked universe of 10 assets, SNDX comes in at #5 by 3-year correlation. The last year tells two different stories: BBIO led by 34.7 percentage points, +58.7% for BBIO against +24.0% for SNDX.
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.
BBIO vs SNDX: side by side
| BBIO (BridgeBio Pharma, Inc.) | SNDX (Syndax Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +58.7% | +24.0% |
| 5-year return | +61.9% | +16.9% |
| Volatility (ann.) | 46.9% | 57.8% |
| Beta vs S&P 500 | 1.02 | 1.25 |
| Max drawdown (3Y) | -49.1% | -64.8% |
| Market cap | $15.4B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBIO | SNDX |
|---|---|---|
| 2022 | -54.3% | +16.3% |
| 2023 | +429.8% | -15.1% |
| 2024 | -32.0% | -38.8% |
| 2025 | +178.8% | +58.9% |
| 2026 | +2.9% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBIO and SNDX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBIO and SNDX?
As of 2026-08-27, the correlation of weekly returns between BBIO and SNDX is 0.45 over 3 years, 0.32 over 1 year and 0.32 over 5 years.
Is SNDX a good diversifier for BBIO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbio-vs-sndx/)
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Related comparisons
Hubs: BBIO correlations · SNDX correlations
