BTI vs ZSQR: Correlation
How closely do British American Tobacco Industries, p.l.c. (BTI) and Z Squared Inc. (ZSQR) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and ZSQR?
Across a 3-year window, the weekly returns of BTI and ZSQR correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.12, with an annualized covariance of -534.5 %².
Among the 21 assets we track against BTI, ZSQR sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with BTI ahead by 73.0 points (+4.8% versus -68.2%). One caveat on sizing: ZSQR is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BTI vs ZSQR: side by side
| BTI (British American Tobacco Industries, p.l.c.) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +4.8% | -68.2% |
| 5-year return | +119.4% | -97.9% |
| Volatility (ann.) | 22.5% | 98.5% |
| Beta vs S&P 500 | 0.06 | 0.28 |
| Max drawdown (3Y) | -15.3% | -89.7% |
| Market cap | $121.2B | $0.2B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTI | ZSQR |
|---|---|---|
| 2022 | +15.1% | -84.7% |
| 2023 | -20.1% | -48.8% |
| 2024 | +35.4% | -64.9% |
| 2025 | +65.8% | +159.1% |
| 2026 | +2.2% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and ZSQR good diversifiers for each other?
Yes. With a correlation of -0.24, BTI and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTI and ZSQR?
As of 2026-08-27, the correlation of weekly returns between BTI and ZSQR is -0.24 over 3 years, -0.43 over 1 year and -0.12 over 5 years.
Is ZSQR a good diversifier for BTI?
Yes. With a correlation of -0.24, BTI and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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
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Related comparisons
Hubs: BTI correlations · ZSQR correlations
