BBLG vs DRMA: Correlation
Bone Biologics Corp (BBLG) and Dermata Therapeutics, Inc. (DRMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and DRMA?
Across a 3-year window, the weekly returns of BBLG and DRMA correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.32 over 3 years. Stretching to 5 years gives 0.10, with an annualized covariance of 4100.0 %².
Within BBLG's tracked universe of 14 assets, DRMA comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -71.4% for BBLG and -72.4% for DRMA. Risk is not evenly split, since BBLG carries 1.6 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 DRMA: side by side
| BBLG (Bone Biologics Corp) | DRMA (Dermata Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -71.4% | -72.4% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 140.7% | 90.1% |
| Beta vs S&P 500 | 0.69 | 1.23 |
| Max drawdown (3Y) | -98.4% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | DRMA |
|---|---|---|
| 2022 | -94.0% | -76.5% |
| 2023 | -91.0% | -90.7% |
| 2024 | -79.2% | -85.2% |
| 2025 | -74.3% | -82.8% |
| 2026 | -57.6% | -37.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and DRMA good diversifiers for each other?
Reasonably. At 0.32, BBLG and DRMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBLG and DRMA?
The BBLG/DRMA correlation stands at 0.32 on a 3-year window (1 year: 0.09, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is DRMA a good diversifier for BBLG?
Reasonably. At 0.32, BBLG and DRMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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.
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Hubs: BBLG correlations · DRMA correlations
