BFRI vs SMR: Correlation
How closely do Biofrontera Inc. (BFRI) and NuScale Power Corporation (SMR) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFRI and SMR?
On 3 years of weekly data the BFRI/SMR correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 3789.5 %².
In BFRI's tracked universe of 10 assets, SMR sits right near the top at #1. The last year tells two different stories: BFRI led by 145.6 percentage points, +73.3% for BFRI against -72.3% for SMR.
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 SMR: side by side
| BFRI (Biofrontera Inc.) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | +73.3% | -72.3% |
| 5-year return | -98.3% | -3.2% |
| Volatility (ann.) | 92.3% | 119.8% |
| Beta vs S&P 500 | 0.66 | 3.28 |
| Max drawdown (3Y) | -93.9% | -85.8% |
| Market cap | – | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFRI | SMR |
|---|---|---|
| 2022 | -87.8% | – |
| 2023 | -84.9% | -67.9% |
| 2024 | -60.6% | +445.0% |
| 2025 | -47.7% | -21.0% |
| 2026 | +161.4% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFRI and SMR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BFRI and SMR?
As of 2026-08-27, the correlation of weekly returns between BFRI and SMR is 0.34 over 3 years, 0.41 over 1 year and 0.28 over 5 years.
Is SMR a good diversifier for BFRI?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfri-vs-smr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfri-vs-smr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BFRI correlations · SMR correlations
