BMY vs ZSQR: Correlation
Bristol Myers Squibb (BMY) and Z Squared Inc. (ZSQR) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and ZSQR?
Across a 3-year window, the weekly returns of BMY and ZSQR correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.08, with an annualized covariance of -495.5 %².
Out of 31 assets tracked against BMY, ZSQR lands near the bottom at #31. Correlation aside, the last 12 months split them widely, with BMY ahead by 115.5 points (+47.3% versus -68.2%). Risk is not evenly split, since ZSQR carries 3.5 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.
BMY vs ZSQR: side by side
| BMY (Bristol Myers Squibb) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +47.3% | -68.2% |
| 5-year return | +22.3% | -97.9% |
| Volatility (ann.) | 27.8% | 98.5% |
| Beta vs S&P 500 | 0.20 | 0.28 |
| Max drawdown (3Y) | -34.1% | -89.7% |
| Market cap | $136.8B | $0.2B |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BMY | ZSQR |
|---|---|---|
| 2022 | +19.0% | -84.7% |
| 2023 | -26.1% | -48.8% |
| 2024 | +15.8% | -64.9% |
| 2025 | +0.1% | +159.1% |
| 2026 | +28.3% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and ZSQR good diversifiers for each other?
Yes. With a correlation of -0.18, BMY and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BMY and ZSQR?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.40 over the last year and -0.08 over 5 years.
Is ZSQR a good diversifier for BMY?
Yes. With a correlation of -0.18, BMY and ZSQR 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/bmy-vs-zsqr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmy-vs-zsqr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMY correlations · ZSQR correlations
