PASG vs TBBB: Correlation
How closely do Passage Bio, Inc. (PASG) and BBB Foods Inc. Class A (TBBB) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PASG and TBBB?
Across a 3-year window, the weekly returns of PASG and TBBB correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.17 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -980.2 %².
Among the 14 assets we track against PASG, TBBB sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months TBBB outperformed by 124.4 percentage points (-38.5% for PASG against +85.9% for TBBB). Risk is not evenly split, since PASG carries 3.1 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.
PASG vs TBBB: side by side
| PASG (Passage Bio, Inc.) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | -38.5% | +85.9% |
| 5-year return | -98.1% | n/a |
| Volatility (ann.) | 128.4% | 41.8% |
| Beta vs S&P 500 | 2.11 | 0.96 |
| Max drawdown (3Y) | -88.2% | -29.6% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PASG | TBBB |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -26.8% | – |
| 2024 | -43.9% | – |
| 2025 | +4.1% | +18.1% |
| 2026 | -63.3% | +45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PASG and TBBB good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PASG and TBBB?
The PASG/TBBB correlation stands at -0.17 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBBB a good diversifier for PASG?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
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Related comparisons
Hubs: PASG correlations · TBBB correlations
