BKD vs CANG: Correlation
How closely do Brookdale Senior Living Inc. (BKD) and Cango Inc. Class A (CANG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKD and CANG?
On 3 years of weekly data the BKD/CANG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.21 over 3. The 5-year figure is -0.07, and annualized covariance runs at -721.2 %².
Out of 13 assets tracked against BKD, CANG lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with BKD ahead by 143.6 points (+54.2% versus -89.4%). Note the risk asymmetry: CANG runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BKD vs CANG: side by side
| BKD (Brookdale Senior Living Inc.) | CANG (Cango Inc. Class A) | |
|---|---|---|
| 1-year return | +54.2% | -89.4% |
| 5-year return | +76.8% | -60.9% |
| Volatility (ann.) | 41.3% | 84.7% |
| Beta vs S&P 500 | 0.15 | 1.14 |
| Max drawdown (3Y) | -43.6% | -96.5% |
| Market cap | $2.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKD | CANG |
|---|---|---|
| 2022 | -47.1% | +36.2% |
| 2023 | +113.2% | -22.1% |
| 2024 | -13.6% | +331.4% |
| 2025 | +114.5% | -31.8% |
| 2026 | +12.0% | -82.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKD and CANG good diversifiers for each other?
Yes. With a correlation of -0.21, BKD and CANG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKD and CANG?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.23 over the last year and -0.07 over 5 years.
Is CANG a good diversifier for BKD?
Yes. With a correlation of -0.21, BKD and CANG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkd-vs-cang.json
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[](https://www.pairbook.io/pair/bkd-vs-cang/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: BKD correlations · CANG correlations
