BBOT vs QCLS: Correlation
BridgeBio Oncology Therapeutics, Inc. (BBOT) and Q/C Technologies, Inc. (QCLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and QCLS?
Over the past 3 years, BBOT and QCLS moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1425.9 %².
Few assets follow BBOT as closely as QCLS, which ranks #3 of 27 tracked partners. Their recent paths diverged sharply: over the last 12 months BBOT outperformed by 72.4 percentage points (-1.3% for BBOT against -73.7% for QCLS). Note the risk asymmetry: QCLS runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QCLS: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -1.3% | -73.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 34.5% | 108.9% |
| Beta vs S&P 500 | 0.30 | 0.87 |
| Max drawdown (3Y) | -48.1% | -99.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBOT | QCLS |
|---|---|---|
| 2022 | – | -81.0% |
| 2023 | – | -77.5% |
| 2024 | – | -85.2% |
| 2025 | +19.2% | -96.5% |
| 2026 | -26.7% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and QCLS good diversifiers for each other?
Reasonably. At 0.36, BBOT and QCLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBOT and QCLS?
As of 2026-08-27, the correlation of weekly returns between BBOT and QCLS is 0.36 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is QCLS a good diversifier for BBOT?
Reasonably. At 0.36, BBOT and QCLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbot-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBOT correlations · QCLS correlations
