BCTX vs SABS: Correlation
Measured on weekly returns over the past three years, BriaCell Therapeutics Corp. (BCTX) and SAB Biotherapeutics, Inc. (SABS) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and SABS?
On 3 years of weekly data the BCTX/SABS correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.32). The 5-year figure is -0.20, and annualized covariance runs at -18570.7 %².
SABS is close to the least connected end of BCTX's tracked universe, ranking #28 of 31. The last year tells two different stories: SABS led by 136.6 percentage points, -51.2% for BCTX against +85.4% for SABS. Note the risk asymmetry: BCTX runs 7.8 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.
BCTX vs SABS: side by side
| BCTX (BriaCell Therapeutics Corp.) | SABS (SAB Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +85.4% |
| 5-year return | -94.5% | -96.1% |
| Volatility (ann.) | 676.8% | 86.9% |
| Beta vs S&P 500 | -1.17 | 0.67 |
| Max drawdown (3Y) | -96.3% | -89.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | SABS |
|---|---|---|
| 2022 | -47.2% | -92.4% |
| 2023 | +33.9% | +16.6% |
| 2024 | -90.4% | -44.9% |
| 2025 | +27.0% | -1.4% |
| 2026 | -47.8% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and SABS good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCTX and SABS?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.05 over the last year and -0.20 over 5 years.
Is SABS a good diversifier for BCTX?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BCTX correlations · SABS correlations
