BFRI vs MRNA: Correlation
Biofrontera Inc. (BFRI) and Moderna (MRNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFRI and MRNA?
Across a 3-year window, the weekly returns of BFRI and MRNA correlate at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 2955.0 %².
Few assets follow BFRI as closely as MRNA, which ranks #3 of 10 tracked partners. The last year tells two different stories: MRNA led by 395.5 percentage points, +73.3% for BFRI against +468.8% for MRNA.
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.
BFRI vs MRNA: side by side
| BFRI (Biofrontera Inc.) | MRNA (Moderna) | |
|---|---|---|
| 1-year return | +73.3% | +468.8% |
| 5-year return | -98.3% | -61.5% |
| Volatility (ann.) | 92.3% | 100.7% |
| Beta vs S&P 500 | 0.66 | 0.98 |
| Max drawdown (3Y) | -93.9% | -86.6% |
| Market cap | – | $57.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BFRI | MRNA |
|---|---|---|
| 2022 | -87.8% | -29.3% |
| 2023 | -84.9% | -44.6% |
| 2024 | -60.6% | -58.2% |
| 2025 | -47.7% | -29.1% |
| 2026 | +161.4% | +384.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFRI and MRNA 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 BFRI and MRNA?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.37 over the last year and 0.27 over 5 years.
Is MRNA a good diversifier for BFRI?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfri-vs-mrna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bfri-vs-mrna/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BFRI correlations · MRNA correlations
