BMEA vs BRFH: Correlation
How closely do Biomea Fusion, Inc. (BMEA) and Barfresh Food Group Inc. (BRFH) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and BRFH?
Across a 3-year window, the weekly returns of BMEA and BRFH correlate at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.32). Stretching to 5 years gives 0.22, with an annualized covariance of 3476.5 %².
Among the 12 assets we track against BMEA, BRFH ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BMEA outperformed by 50.9 percentage points (-9.7% for BMEA against -60.6% for BRFH).
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.
BMEA vs BRFH: side by side
| BMEA (Biomea Fusion, Inc.) | BRFH (Barfresh Food Group Inc.) | |
|---|---|---|
| 1-year return | -9.7% | -60.6% |
| 5-year return | -87.8% | -78.8% |
| Volatility (ann.) | 106.6% | 101.1% |
| Beta vs S&P 500 | 1.56 | 0.79 |
| Max drawdown (3Y) | -95.2% | -72.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEA | BRFH |
|---|---|---|
| 2022 | +13.2% | -80.2% |
| 2023 | +72.2% | +22.3% |
| 2024 | -73.3% | +84.9% |
| 2025 | -68.0% | -0.3% |
| 2026 | +35.5% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and BRFH 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 BMEA and BRFH?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.07 over the last year and 0.22 over 5 years.
Is BRFH a good diversifier for BMEA?
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: BMEA correlations · BRFH correlations
