BZ vs CENN: Correlation
How closely do KANZHUN LIMITED - American Depository Shares (BZ) and Cenntro Inc. (CENN) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and CENN?
Across a 3-year window, the weekly returns of BZ and CENN correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 1670.0 %².
Among the 17 assets we track against BZ, CENN ranks #11 by 3-year correlation. The last year tells two different stories: BZ led by 66.1 percentage points, -20.7% for BZ against -86.8% for CENN. One caveat on sizing: CENN is 2.0 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.
BZ vs CENN: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | CENN (Cenntro Inc.) | |
|---|---|---|
| 1-year return | -20.7% | -86.8% |
| 5-year return | -47.9% | -100.0% |
| Volatility (ann.) | 49.3% | 98.4% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -51.6% | -99.8% |
| Market cap | $8.0B | – |
| P/E (trailing) | 12.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | CENN |
|---|---|---|
| 2022 | -41.6% | -91.8% |
| 2023 | -17.5% | -96.7% |
| 2024 | -16.9% | -25.7% |
| 2025 | +48.7% | -87.3% |
| 2026 | -11.7% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and CENN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BZ and CENN?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.27 over the last year and 0.23 over 5 years.
Is CENN a good diversifier for BZ?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bz-vs-cenn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bz-vs-cenn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZ correlations · CENN correlations
