BLZE vs KTCC: Correlation
How closely do Backblaze, Inc. (BLZE) and Key Tronic Corporation (KTCC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLZE and KTCC?
Over the past 3 years, BLZE and KTCC moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.37). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1349.7 %².
Among the 20 assets we track against BLZE, KTCC ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLZE ahead by 56.7 points (+85.9% versus +29.2%). Risk is not evenly split, since BLZE carries 2.4 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.
BLZE vs KTCC: side by side
| BLZE (Backblaze, Inc.) | KTCC (Key Tronic Corporation) | |
|---|---|---|
| 1-year return | +85.9% | +29.2% |
| 5-year return | -23.4% | -42.7% |
| Volatility (ann.) | 92.9% | 39.4% |
| Beta vs S&P 500 | 1.92 | 0.56 |
| Max drawdown (3Y) | -72.0% | -62.5% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLZE | KTCC |
|---|---|---|
| 2022 | -63.6% | -30.8% |
| 2023 | +23.4% | -0.2% |
| 2024 | -20.7% | -3.5% |
| 2025 | -22.6% | -33.1% |
| 2026 | +227.0% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLZE and KTCC good diversifiers for each other?
Reasonably. At 0.37, BLZE and KTCC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLZE and KTCC?
The BLZE/KTCC correlation stands at 0.37 on a 3-year window (1 year: 0.60, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is KTCC a good diversifier for BLZE?
Reasonably. At 0.37, BLZE and KTCC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/blze-vs-ktcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blze-vs-ktcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLZE correlations · KTCC correlations
