BRZE vs KVYO: Correlation
How closely do Braze, Inc. (BRZE) and Klaviyo, Inc. Series A (KVYO) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRZE and KVYO?
On 3 years of weekly data the BRZE/KVYO correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.58 over 3. The 5-year figure is n/a, and annualized covariance runs at 1972.6 %².
Within BRZE's tracked universe of 12 assets, KVYO comes in at #4 by 3-year correlation. The last year tells two different stories: BRZE led by 66.9 percentage points, +28.0% for BRZE against -38.9% for KVYO.
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.
BRZE vs KVYO: side by side
| BRZE (Braze, Inc.) | KVYO (Klaviyo, Inc. Series A) | |
|---|---|---|
| 1-year return | +28.0% | -38.9% |
| 5-year return | -63.5% | n/a |
| Volatility (ann.) | 56.3% | 60.2% |
| Beta vs S&P 500 | 1.29 | 1.09 |
| Max drawdown (3Y) | -73.6% | -73.9% |
| Market cap | $3.8B | $5.9B |
| P/E (trailing) | – | 653.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRZE | KVYO |
|---|---|---|
| 2022 | -64.6% | – |
| 2023 | +94.8% | – |
| 2024 | -21.2% | +48.5% |
| 2025 | -18.1% | -21.3% |
| 2026 | -0.6% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRZE and KVYO good diversifiers for each other?
Only partially. A correlation of 0.58 means BRZE and KVYO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BRZE and KVYO?
The BRZE/KVYO correlation stands at 0.58 on a 3-year window (1 year: 0.66, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVYO a good diversifier for BRZE?
Only partially. A correlation of 0.58 means BRZE and KVYO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brze-vs-kvyo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brze-vs-kvyo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRZE correlations · KVYO correlations
