ABT vs BZAI: Correlation
Measured on weekly returns over the past three years, Abbott Laboratories (ABT) and Blaize Holdings, Inc. (BZAI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and BZAI?
Across a 3-year window, the weekly returns of ABT and BZAI correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.22 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -462.7 %².
Among the 29 assets we track against ABT, BZAI ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABT ahead by 74.1 points (-13.2% versus -87.3%). Risk is not evenly split, since BZAI carries 4.4 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.
ABT vs BZAI: side by side
| ABT (Abbott Laboratories) | BZAI (Blaize Holdings, Inc.) | |
|---|---|---|
| 1-year return | -13.2% | -87.3% |
| 5-year return | -2.3% | -94.8% |
| Volatility (ann.) | 22.0% | 97.0% |
| Beta vs S&P 500 | 0.16 | 0.55 |
| Max drawdown (3Y) | -39.6% | -97.0% |
| Market cap | $193.1B | $0.1B |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | BZAI |
|---|---|---|
| 2022 | -20.7% | – |
| 2023 | +2.3% | +5.6% |
| 2024 | +4.8% | +39.8% |
| 2025 | +12.9% | -87.0% |
| 2026 | -9.3% | -73.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and BZAI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABT and BZAI?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.11 over the last year and -0.17 over 5 years.
Is BZAI a good diversifier for ABT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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: ABT correlations · BZAI correlations
