BKKT vs VUZI: Correlation
Bakkt, Inc. (BKKT) and Vuzix Corporation (VUZI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and VUZI?
Over the past 3 years, BKKT and VUZI moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 8937.5 %².
In BKKT's tracked universe of 11 assets, VUZI sits right near the top at #3. Correlation aside, the last 12 months split them widely, with VUZI ahead by 28.2 points (-2.2% versus +26.0%). Note the risk asymmetry: BKKT runs 1.6 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.
BKKT vs VUZI: side by side
| BKKT (Bakkt, Inc.) | VUZI (Vuzix Corporation) | |
|---|---|---|
| 1-year return | -2.2% | +26.0% |
| 5-year return | -96.6% | -79.1% |
| Volatility (ann.) | 172.9% | 108.2% |
| Beta vs S&P 500 | 3.19 | 2.21 |
| Max drawdown (3Y) | -89.4% | -79.6% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKKT | VUZI |
|---|---|---|
| 2022 | -86.0% | -58.0% |
| 2023 | +87.4% | -42.6% |
| 2024 | -55.6% | +88.5% |
| 2025 | -59.5% | -4.1% |
| 2026 | -16.1% | -30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and VUZI good diversifiers for each other?
Reasonably. At 0.48, BKKT and VUZI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BKKT and VUZI?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.51 over the last year and 0.34 over 5 years.
Is VUZI a good diversifier for BKKT?
Reasonably. At 0.48, BKKT and VUZI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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: BKKT correlations · VUZI correlations
