BBOT vs SNAL: Correlation
Measured on weekly returns over the past three years, BridgeBio Oncology Therapeutics, Inc. (BBOT) and Snail, Inc. (SNAL) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and SNAL?
Over the past 3 years, BBOT and SNAL moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1745.2 %².
Within BBOT's tracked universe of 27 assets, SNAL comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBOT ahead by 33.9 points (-1.3% versus -35.2%). Note the risk asymmetry: SNAL runs 4.3 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 SNAL: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | SNAL (Snail, Inc.) | |
|---|---|---|
| 1-year return | -1.3% | -35.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 34.5% | 146.7% |
| Beta vs S&P 500 | 0.30 | 2.22 |
| Max drawdown (3Y) | -48.1% | -88.0% |
| 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 | SNAL |
|---|---|---|
| 2023 | – | -17.7% |
| 2024 | – | +53.7% |
| 2025 | +19.2% | -52.2% |
| 2026 | -26.7% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and SNAL good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBOT and SNAL?
As of 2026-08-27, the correlation of weekly returns between BBOT and SNAL is 0.32 over 3 years, 0.41 over 1 year and n/a over 5 years.
Is SNAL a good diversifier for BBOT?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BBOT correlations · SNAL correlations
