BBOT vs NOW: Correlation
How closely do BridgeBio Oncology Therapeutics, Inc. (BBOT) and ServiceNow (NOW) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and NOW?
Over the past 3 years, BBOT and NOW moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.37 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 580.3 %².
NOW is one of the assets that tracks BBOT most closely: it ranks #2 out of the 27 assets we track against BBOT. Their recent paths diverged sharply: over the last 12 months BBOT outperformed by 20.8 percentage points (-1.3% for BBOT against -22.1% for NOW).
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 NOW: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -1.3% | -22.1% |
| 5-year return | n/a | +7.9% |
| Volatility (ann.) | 34.5% | 43.2% |
| Beta vs S&P 500 | 0.30 | 1.38 |
| Max drawdown (3Y) | -48.1% | -64.5% |
| Market cap | $0.7B | $143.1B |
| P/E (trailing) | – | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BBOT | NOW |
|---|---|---|
| 2022 | – | -40.2% |
| 2023 | – | +82.0% |
| 2024 | – | +50.1% |
| 2025 | +19.2% | -27.7% |
| 2026 | -26.7% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and NOW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBOT and NOW?
As of 2026-08-27, the correlation of weekly returns between BBOT and NOW is 0.37 over 3 years, 0.50 over 1 year and n/a over 5 years.
Is NOW a good diversifier for BBOT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbot-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBOT correlations · NOW correlations
