BKTI vs DLO: Correlation
Measured on weekly returns over the past three years, BK Technologies Corporation (BKTI) and DLocal Limited - Class A (DLO) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKTI and DLO?
On 3 years of weekly data the BKTI/DLO correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 1497.3 %².
Few assets follow BKTI as closely as DLO, which ranks #3 of 15 tracked partners. Neither side won the trailing year by much: +6.6% against +6.3%.
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.
BKTI vs DLO: side by side
| BKTI (BK Technologies Corporation) | DLO (DLocal Limited - Class A) | |
|---|---|---|
| 1-year return | +6.6% | +6.3% |
| 5-year return | +394.9% | -74.1% |
| Volatility (ann.) | 62.4% | 55.6% |
| Beta vs S&P 500 | 0.84 | 1.22 |
| Max drawdown (3Y) | -32.8% | -68.6% |
| Market cap | $0.3B | $4.5B |
| P/E (trailing) | 22.1 | 22.6 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKTI | DLO |
|---|---|---|
| 2022 | +44.6% | -56.4% |
| 2023 | -26.3% | +13.6% |
| 2024 | +180.4% | -36.3% |
| 2025 | +117.5% | +31.7% |
| 2026 | +0.7% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKTI and DLO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKTI and DLO?
As of 2026-08-27, the correlation of weekly returns between BKTI and DLO is 0.43 over 3 years, 0.34 over 1 year and 0.32 over 5 years.
Is DLO a good diversifier for BKTI?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/bkti-vs-dlo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkti-vs-dlo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKTI correlations · DLO correlations
