BIRD vs DARE: Correlation
Smartbird, Inc. (BIRD) and Dare Bioscience, Inc. (DARE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRD and DARE?
Across a 3-year window, the weekly returns of BIRD and DARE correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.43, with an annualized covariance of 9350.0 %².
By 3-year correlation, DARE places #9 of the 17 assets tracked against BIRD. The trailing year gives BIRD the advantage: -51.4% versus -63.4%, a 12.0-point spread. Note the risk asymmetry: BIRD runs 2.4 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.
BIRD vs DARE: side by side
| BIRD (Smartbird, Inc.) | DARE (Dare Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -51.4% | -63.4% |
| 5-year return | -99.5% | -96.5% |
| Volatility (ann.) | 225.6% | 94.9% |
| Beta vs S&P 500 | 3.94 | 1.76 |
| Max drawdown (3Y) | -92.3% | -91.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIRD | DARE |
|---|---|---|
| 2022 | -84.0% | -58.5% |
| 2023 | -49.4% | -62.8% |
| 2024 | -71.6% | -15.9% |
| 2025 | -41.2% | -38.1% |
| 2026 | -22.7% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRD and DARE good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIRD and DARE?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.59 over the last year and 0.43 over 5 years.
Is DARE a good diversifier for BIRD?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/bird-vs-dare.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bird-vs-dare/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIRD correlations · DARE correlations
