BST vs CRDO: Correlation
BlackRock Science and Technology Trust (BST) and Credo Technology Group Holding Ltd (CRDO) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BST and CRDO?
Over the past 3 years, BST and CRDO moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1271.6 %².
By 3-year correlation, CRDO places #14 of the 25 assets tracked against BST. Correlation aside, the last 12 months split them widely, with CRDO ahead by 55.0 points (+40.7% versus +95.7%). Note the risk asymmetry: CRDO runs 3.8 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.
BST vs CRDO: side by side
| BST (BlackRock Science and Technology Trust) | CRDO (Credo Technology Group Holding Ltd) | |
|---|---|---|
| 1-year return | +40.7% | +95.7% |
| 5-year return | +46.7% | +1962.1% |
| Volatility (ann.) | 22.2% | 84.8% |
| Beta vs S&P 500 | 1.27 | 3.44 |
| Max drawdown (3Y) | -23.4% | -61.1% |
| Market cap | – | $45.1B |
| P/E (trailing) | 6.9 | 90.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BST | CRDO |
|---|---|---|
| 2022 | -38.3% | – |
| 2023 | +30.1% | +46.3% |
| 2024 | +18.0% | +245.2% |
| 2025 | +23.7% | +114.1% |
| 2026 | +30.9% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BST and CRDO good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BST and CRDO?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.76 over the last year and 0.57 over 5 years.
Is CRDO a good diversifier for BST?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 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/bst-vs-crdo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bst-vs-crdo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BST correlations · CRDO correlations
