BSTZ vs CRDO: Correlation
BlackRock Science and Technology Term Trust (BSTZ) 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 BSTZ and CRDO?
Over the past 3 years, BSTZ and CRDO moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1364.3 %².
Among the 21 assets we track against BSTZ, CRDO ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRDO ahead by 38.3 points (+57.4% versus +95.7%). Note the risk asymmetry: CRDO runs 3.6 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.
BSTZ vs CRDO: side by side
| BSTZ (BlackRock Science and Technology Term Trust) | CRDO (Credo Technology Group Holding Ltd) | |
|---|---|---|
| 1-year return | +57.4% | +95.7% |
| 5-year return | +31.6% | +1962.1% |
| Volatility (ann.) | 23.7% | 84.8% |
| Beta vs S&P 500 | 1.19 | 3.44 |
| Max drawdown (3Y) | -25.3% | -61.1% |
| Market cap | $2.1B | $45.1B |
| P/E (trailing) | 6.7 | 90.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSTZ | CRDO |
|---|---|---|
| 2022 | -55.3% | – |
| 2023 | +18.7% | +46.3% |
| 2024 | +37.5% | +245.2% |
| 2025 | +25.1% | +114.1% |
| 2026 | +44.7% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSTZ and CRDO good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BSTZ and CRDO?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.74 over the last year and 0.57 over 5 years.
Is CRDO a good diversifier for BSTZ?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BSTZ correlations · CRDO correlations
