AZIO vs BKHA: Correlation
Measured on weekly returns over the past three years, Azio AI Holdings, Inc. (AZIO) and Black Hawk Acquisition Corporation - Class A (BKHA) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZIO and BKHA?
Over the past 3 years, AZIO and BKHA moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1018.3 %².
By 3-year correlation, BKHA places #6 of the 18 assets tracked against AZIO. The last year tells two different stories: BKHA led by 51.5 percentage points, -43.5% for AZIO against +8.0% for BKHA. Risk is not evenly split, since AZIO carries 68.5 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.
AZIO vs BKHA: side by side
| AZIO (Azio AI Holdings, Inc.) | BKHA (Black Hawk Acquisition Corporation - Class A) | |
|---|---|---|
| 1-year return | -43.5% | +8.0% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 404.0% | 5.9% |
| Beta vs S&P 500 | 1.20 | 0.02 |
| Max drawdown (3Y) | -98.8% | -10.1% |
| Market cap | – | – |
| P/E (trailing) | – | 99.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZIO | BKHA |
|---|---|---|
| 2022 | -52.7% | – |
| 2023 | -36.2% | – |
| 2024 | -11.0% | – |
| 2025 | -97.0% | +8.4% |
| 2026 | +276.0% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZIO and BKHA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AZIO and BKHA?
As of 2026-08-27, the correlation of weekly returns between AZIO and BKHA is 0.38 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is BKHA a good diversifier for AZIO?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AZIO correlations · BKHA correlations
