BFRI vs SDGR: Correlation
Measured on weekly returns over the past three years, Biofrontera Inc. (BFRI) and Schrodinger, Inc. (SDGR) 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 BFRI and SDGR?
Over the past 3 years, BFRI and SDGR moved with a correlation of 0.32, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.32). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 1698.2 %².
By 3-year correlation, SDGR places #5 of the 10 assets tracked against BFRI. Correlation aside, the last 12 months split them widely, with BFRI ahead by 70.2 points (+73.3% versus +3.1%). One caveat on sizing: BFRI is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SDGR: side by side
| BFRI (Biofrontera Inc.) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | +73.3% | +3.1% |
| 5-year return | -98.3% | -65.2% |
| Volatility (ann.) | 92.3% | 57.7% |
| Beta vs S&P 500 | 0.66 | 1.91 |
| Max drawdown (3Y) | -93.9% | -70.2% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFRI | SDGR |
|---|---|---|
| 2022 | -87.8% | -46.3% |
| 2023 | -84.9% | +91.5% |
| 2024 | -60.6% | -46.1% |
| 2025 | -47.7% | -7.3% |
| 2026 | +161.4% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFRI and SDGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BFRI and SDGR?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.50 over the last year and 0.18 over 5 years.
Is SDGR a good diversifier for BFRI?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
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: BFRI correlations · SDGR correlations
