BBLG vs SMSI: Correlation
Measured on weekly returns over the past three years, Bone Biologics Corp (BBLG) and Smith Micro Software, Inc. (SMSI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and SMSI?
On 3 years of weekly data the BBLG/SMSI correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.36 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 4750.4 %².
SMSI is one of the assets that tracks BBLG most closely: it ranks #1 out of the 14 assets we track against BBLG. The last year tells two different stories: SMSI led by 52.5 percentage points, -71.4% for BBLG against -18.9% for SMSI.
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 SMSI: side by side
| BBLG (Bone Biologics Corp) | SMSI (Smith Micro Software, Inc.) | |
|---|---|---|
| 1-year return | -71.4% | -18.9% |
| 5-year return | -100.0% | -98.5% |
| Volatility (ann.) | 140.7% | 94.7% |
| Beta vs S&P 500 | 0.69 | 0.95 |
| Max drawdown (3Y) | -98.4% | -96.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | SMSI |
|---|---|---|
| 2022 | -94.0% | -57.3% |
| 2023 | -91.0% | -60.5% |
| 2024 | -79.2% | -80.3% |
| 2025 | -74.3% | -58.8% |
| 2026 | -57.6% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and SMSI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBLG and SMSI?
The BBLG/SMSI correlation stands at 0.36 on a 3-year window (1 year: 0.19, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is SMSI a good diversifier for BBLG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-smsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bblg-vs-smsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBLG correlations · SMSI correlations
