BBOT vs DVA: Correlation
Measured on weekly returns over the past three years, BridgeBio Oncology Therapeutics, Inc. (BBOT) and DaVita (DVA) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and DVA?
Across a 3-year window, the weekly returns of BBOT and DVA correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -349.3 %².
Within BBOT's tracked universe of 27 assets, DVA comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DVA ahead by 31.3 points (-1.3% versus +30.0%).
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 DVA: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | DVA (DaVita) | |
|---|---|---|
| 1-year return | -1.3% | +30.0% |
| 5-year return | n/a | +36.4% |
| Volatility (ann.) | 34.5% | 40.9% |
| Beta vs S&P 500 | 0.30 | 0.38 |
| Max drawdown (3Y) | -48.1% | -41.4% |
| Market cap | $0.7B | $11.4B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BBOT | DVA |
|---|---|---|
| 2022 | – | -34.4% |
| 2023 | – | +40.3% |
| 2024 | – | +42.8% |
| 2025 | +19.2% | -24.0% |
| 2026 | -26.7% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and DVA 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 BBOT and DVA?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is DVA a good diversifier for BBOT?
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/bbot-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbot-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBOT correlations · DVA correlations
