BBLG vs EW: Correlation
Bone Biologics Corp (BBLG) and Edwards Lifesciences (EW) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and EW?
Over the past 3 years, BBLG and EW moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.25 over 3 years. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -1090.2 %².
Among the 14 assets we track against BBLG, EW sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months EW outperformed by 82.6 percentage points (-71.4% for BBLG against +11.2% for EW). Note the risk asymmetry: BBLG runs 4.5 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.
BBLG vs EW: side by side
| BBLG (Bone Biologics Corp) | EW (Edwards Lifesciences) | |
|---|---|---|
| 1-year return | -71.4% | +11.2% |
| 5-year return | -100.0% | -23.8% |
| Volatility (ann.) | 140.7% | 31.6% |
| Beta vs S&P 500 | 0.69 | 0.81 |
| Max drawdown (3Y) | -98.4% | -37.5% |
| Market cap | – | $51.8B |
| P/E (trailing) | – | 54.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BBLG | EW |
|---|---|---|
| 2022 | -94.0% | -42.4% |
| 2023 | -91.0% | +2.2% |
| 2024 | -79.2% | -2.9% |
| 2025 | -74.3% | +15.2% |
| 2026 | -57.6% | +5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and EW good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBLG and EW?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.07 over the last year and -0.09 over 5 years.
Is EW a good diversifier for BBLG?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bblg-vs-ew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bblg-vs-ew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBLG correlations · EW correlations
