BBOT vs CBRE: Correlation
BridgeBio Oncology Therapeutics, Inc. (BBOT) and CBRE Group (CBRE) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and CBRE?
Across a 3-year window, the weekly returns of BBOT and CBRE correlate at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -173.0 %².
Among the 27 assets we track against BBOT, CBRE ranks #10 by 3-year correlation. The trailing year gives BBOT the advantage: -1.3% versus -9.7%, a 8.4-point spread.
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.
BBOT vs CBRE: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | CBRE (CBRE Group) | |
|---|---|---|
| 1-year return | -1.3% | -9.7% |
| 5-year return | n/a | +53.3% |
| Volatility (ann.) | 34.5% | 30.4% |
| Beta vs S&P 500 | 0.30 | 1.04 |
| Max drawdown (3Y) | -48.1% | -27.4% |
| Market cap | $0.7B | $42.6B |
| P/E (trailing) | – | 34.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BBOT | CBRE |
|---|---|---|
| 2022 | – | -29.1% |
| 2023 | – | +21.0% |
| 2024 | – | +41.0% |
| 2025 | +19.2% | +22.5% |
| 2026 | -26.7% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and CBRE good diversifiers for each other?
Yes. With a correlation of -0.17, BBOT and CBRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBOT and CBRE?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is CBRE a good diversifier for BBOT?
Yes. With a correlation of -0.17, BBOT and CBRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbot-vs-cbre.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbot-vs-cbre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBOT correlations · CBRE correlations
