BMEA vs RAPP: Correlation
Biomea Fusion, Inc. (BMEA) and Rapport Therapeutics, Inc. (RAPP) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and RAPP?
On 3 years of weekly data the BMEA/RAPP correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.45 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4049.8 %².
RAPP is one of the assets that tracks BMEA most closely: it ranks #2 out of the 12 assets we track against BMEA. Correlation aside, the last 12 months split them widely, with RAPP ahead by 249.2 points (-9.7% versus +239.5%).
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 RAPP: side by side
| BMEA (Biomea Fusion, Inc.) | RAPP (Rapport Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | +239.5% |
| 5-year return | -87.8% | n/a |
| Volatility (ann.) | 106.6% | 89.6% |
| Beta vs S&P 500 | 1.56 | 1.91 |
| Max drawdown (3Y) | -95.2% | -75.5% |
| Market cap | $0.1B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEA | RAPP |
|---|---|---|
| 2022 | +13.2% | – |
| 2023 | +72.2% | – |
| 2024 | -73.3% | – |
| 2025 | -68.0% | +71.0% |
| 2026 | +35.5% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and RAPP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMEA and RAPP?
The BMEA/RAPP correlation stands at 0.45 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RAPP a good diversifier for BMEA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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 · RAPP correlations
