BBOT vs GWW: Correlation
How closely do BridgeBio Oncology Therapeutics, Inc. (BBOT) and W. W. Grainger (GWW) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and GWW?
Over the past 3 years, BBOT and GWW moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -221.3 %².
GWW is close to the least connected end of BBOT's tracked universe, ranking #25 of 27. Their recent paths diverged sharply: over the last 12 months GWW outperformed by 32.3 percentage points (-1.3% for BBOT against +31.0% for GWW).
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 GWW: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | GWW (W. W. Grainger) | |
|---|---|---|
| 1-year return | -1.3% | +31.0% |
| 5-year return | n/a | +219.4% |
| Volatility (ann.) | 34.5% | 23.3% |
| Beta vs S&P 500 | 0.30 | 0.74 |
| Max drawdown (3Y) | -48.1% | -24.5% |
| Market cap | $0.7B | $62.2B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BBOT | GWW |
|---|---|---|
| 2022 | – | +8.7% |
| 2023 | – | +50.5% |
| 2024 | – | +28.2% |
| 2025 | +19.2% | -3.4% |
| 2026 | -26.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and GWW good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBOT and GWW?
The BBOT/GWW correlation stands at -0.28 on a 3-year window (1 year: -0.41, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GWW a good diversifier for BBOT?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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-gww.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbot-vs-gww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBOT correlations · GWW correlations
