BESS vs ZBRA: Correlation
How closely do Bimergen Energy Corporation (BESS) and Zebra Technologies (ZBRA) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and ZBRA?
Across a 3-year window, the weekly returns of BESS and ZBRA correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.24 versus -0.18 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -36804.1 %².
Among the 51 assets we track against BESS, ZBRA ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZBRA ahead by 62.7 points (-50.4% versus +12.3%). One caveat on sizing: BESS is 126.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BESS vs ZBRA: side by side
| BESS (Bimergen Energy Corporation) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -50.4% | +12.3% |
| 5-year return | -87.7% | -38.2% |
| Volatility (ann.) | 5140.2% | 40.8% |
| Beta vs S&P 500 | 17.01 | 1.54 |
| Max drawdown (3Y) | -99.5% | -52.7% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BESS | ZBRA |
|---|---|---|
| 2022 | -30.0% | -56.9% |
| 2023 | -14.3% | +6.6% |
| 2024 | +16.7% | +41.3% |
| 2025 | +7.1% | -37.1% |
| 2026 | -70.5% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and ZBRA good diversifiers for each other?
Yes. With a correlation of -0.18, BESS and ZBRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BESS and ZBRA?
As of 2026-08-27, the correlation of weekly returns between BESS and ZBRA is -0.18 over 3 years, 0.24 over 1 year and -0.13 over 5 years.
Is ZBRA a good diversifier for BESS?
Yes. With a correlation of -0.18, BESS and ZBRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bess-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bess-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BESS correlations · ZBRA correlations
