BBUC vs TRDA: Correlation
Brookfield Business Corporation Class A Subordinate Voting (BBUC) and Entrada Therapeutics, Inc. (TRDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and TRDA?
Across a 3-year window, the weekly returns of BBUC and TRDA correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.26, with an annualized covariance of 1181.3 %².
Among the 13 assets we track against BBUC, TRDA sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with TRDA ahead by 47.3 points (-19.3% versus +28.0%). Note the risk asymmetry: TRDA runs 1.7 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.
BBUC vs TRDA: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -19.3% | +28.0% |
| 5-year return | -20.8% | -69.6% |
| Volatility (ann.) | 41.8% | 69.2% |
| Beta vs S&P 500 | 1.45 | 1.19 |
| Max drawdown (3Y) | -29.3% | -76.7% |
| Market cap | $5.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBUC | TRDA |
|---|---|---|
| 2022 | – | -21.0% |
| 2023 | +25.6% | +11.6% |
| 2024 | +5.4% | +14.6% |
| 2025 | +48.8% | -40.5% |
| 2026 | -21.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and TRDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBUC and TRDA?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.26 over the last year and 0.26 over 5 years.
Is TRDA a good diversifier for BBUC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/bbuc-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbuc-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBUC correlations · TRDA correlations
