BULL vs CCZ: Correlation
Measured on weekly returns over the past three years, Webull Corporation - Class A (BULL) and Comcast Holdings ZONES (CCZ) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and CCZ?
On 3 years of weekly data the BULL/CCZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.37 over 3 years. The 5-year figure is -0.33, and annualized covariance runs at -653.4 %².
CCZ is close to the least connected end of BULL's tracked universe, ranking #16 of 16. Correlation aside, the last 12 months split them widely, with CCZ ahead by 46.1 points (-33.7% versus +12.4%). One caveat on sizing: BULL is 3.7 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.
BULL vs CCZ: side by side
| BULL (Webull Corporation - Class A) | CCZ (Comcast Holdings ZONES) | |
|---|---|---|
| 1-year return | -33.7% | +12.4% |
| 5-year return | n/a | +24.7% |
| Volatility (ann.) | 80.3% | 21.9% |
| Beta vs S&P 500 | 0.42 | 0.35 |
| Max drawdown (3Y) | -92.6% | -16.3% |
| Market cap | $5.1B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | CCZ |
|---|---|---|
| 2022 | – | -8.9% |
| 2023 | +6.3% | +3.8% |
| 2024 | +7.4% | +10.6% |
| 2025 | -33.2% | +1.3% |
| 2026 | +23.2% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and CCZ good diversifiers for each other?
Yes. With a correlation of -0.37, BULL and CCZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BULL and CCZ?
The BULL/CCZ correlation stands at -0.37 on a 3-year window (1 year: 0.02, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is CCZ a good diversifier for BULL?
Yes. With a correlation of -0.37, BULL and CCZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 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/bull-vs-ccz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bull-vs-ccz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BULL correlations · CCZ correlations
