BJDX vs XBIO: Correlation
Measured on weekly returns over the past three years, Bluejay Diagnostics, Inc. (BJDX) and Xenetic Biosciences, Inc. (XBIO) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJDX and XBIO?
Across a 3-year window, the weekly returns of BJDX and XBIO correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.35 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 4736.0 %².
Among the 19 assets we track against BJDX, XBIO ranks #5 by 3-year correlation. The last year tells two different stories: XBIO led by 123.2 percentage points, -83.4% for BJDX against +39.8% for XBIO. Risk is not evenly split, since BJDX carries 1.7 times the volatility of the other side.
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.
BJDX vs XBIO: side by side
| BJDX (Bluejay Diagnostics, Inc.) | XBIO (Xenetic Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -83.4% | +39.8% |
| 5-year return | -100.0% | -86.8% |
| Volatility (ann.) | 151.7% | 90.1% |
| Beta vs S&P 500 | -0.30 | 0.46 |
| Max drawdown (3Y) | -100.0% | -80.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJDX | XBIO |
|---|---|---|
| 2022 | -85.2% | -77.9% |
| 2023 | -83.9% | +21.1% |
| 2024 | -99.0% | +15.7% |
| 2025 | -86.3% | -45.6% |
| 2026 | -65.9% | +82.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJDX and XBIO good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJDX and XBIO?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.55 over the last year and 0.29 over 5 years.
Is XBIO a good diversifier for BJDX?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bjdx-vs-xbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bjdx-vs-xbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BJDX correlations · XBIO correlations
