BBLG vs FUFU: Correlation
Bone Biologics Corp (BBLG) and BitFuFu Inc. - Class A (FUFU) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and FUFU?
Across a 3-year window, the weekly returns of BBLG and FUFU correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.20, with an annualized covariance of -2712.4 %².
Out of 14 assets tracked against BBLG, FUFU lands near the bottom at #11. The trailing year gives FUFU the advantage: -71.4% versus -63.7%, a 7.7-point spread. One caveat on sizing: BBLG is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FUFU: side by side
| BBLG (Bone Biologics Corp) | FUFU (BitFuFu Inc. - Class A) | |
|---|---|---|
| 1-year return | -71.4% | -63.7% |
| 5-year return | -100.0% | -85.4% |
| Volatility (ann.) | 140.7% | 84.0% |
| Beta vs S&P 500 | 0.69 | 1.01 |
| Max drawdown (3Y) | -98.4% | -90.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | FUFU |
|---|---|---|
| 2022 | -94.0% | +3.5% |
| 2023 | -91.0% | +8.0% |
| 2024 | -79.2% | -54.6% |
| 2025 | -74.3% | -46.7% |
| 2026 | -57.6% | -46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and FUFU good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBLG and FUFU?
The BBLG/FUFU correlation stands at -0.23 on a 3-year window (1 year: 0.06, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is FUFU a good diversifier for BBLG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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-fufu.json
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Hubs: BBLG correlations · FUFU correlations
