BBOT vs PEP: Correlation
Measured on weekly returns over the past three years, BridgeBio Oncology Therapeutics, Inc. (BBOT) and PepsiCo (PEP) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and PEP?
Over the past 3 years, BBOT and PEP moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -148.9 %².
By 3-year correlation, PEP places #15 of the 27 assets tracked against BBOT. Their 12-month results are close: -1.3% for BBOT against -1.6% for PEP. Risk is not evenly split, since BBOT carries 1.8 times the volatility of the other side.
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 PEP: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | PEP (PepsiCo) | |
|---|---|---|
| 1-year return | -1.3% | -1.6% |
| 5-year return | n/a | +4.9% |
| Volatility (ann.) | 34.5% | 19.1% |
| Beta vs S&P 500 | 0.30 | 0.13 |
| Max drawdown (3Y) | -48.1% | -27.5% |
| Market cap | $0.7B | $190.9B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 4.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BBOT | PEP |
|---|---|---|
| 2022 | – | +6.8% |
| 2023 | – | -3.3% |
| 2024 | – | -7.6% |
| 2025 | +19.2% | -1.8% |
| 2026 | -26.7% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and PEP good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBOT and PEP?
As of 2026-08-27, the correlation of weekly returns between BBOT and PEP is -0.22 over 3 years, -0.36 over 1 year and n/a over 5 years.
Is PEP a good diversifier for BBOT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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-pep.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbot-vs-pep/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBOT correlations · PEP correlations
