BBLG vs BSBK: Correlation
Measured on weekly returns over the past three years, Bone Biologics Corp (BBLG) and Bogota Financial Corp. (BSBK) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and BSBK?
Over the past 3 years, BBLG and BSBK moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.30 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 908.3 %².
Within BBLG's tracked universe of 14 assets, BSBK comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BSBK ahead by 70.3 points (-71.4% versus -1.1%). Risk is not evenly split, since BBLG carries 6.6 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.
BBLG vs BSBK: side by side
| BBLG (Bone Biologics Corp) | BSBK (Bogota Financial Corp.) | |
|---|---|---|
| 1-year return | -71.4% | -1.1% |
| 5-year return | -100.0% | -12.7% |
| Volatility (ann.) | 140.7% | 21.2% |
| Beta vs S&P 500 | 0.69 | 0.12 |
| Max drawdown (3Y) | -98.4% | -21.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 43.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | BSBK |
|---|---|---|
| 2022 | -94.0% | +9.8% |
| 2023 | -91.0% | -28.0% |
| 2024 | -79.2% | -6.8% |
| 2025 | -74.3% | +12.7% |
| 2026 | -57.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and BSBK good diversifiers for each other?
Reasonably. At 0.30, BBLG and BSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBLG and BSBK?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.12 over the last year and 0.25 over 5 years.
Is BSBK a good diversifier for BBLG?
Reasonably. At 0.30, BBLG and BSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/bblg-vs-bsbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bblg-vs-bsbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBLG correlations · BSBK correlations
