BZ vs EDU: Correlation
KANZHUN LIMITED - American Depository Shares (BZ) and New Oriental Education & Technology Group, Inc. Sponsored (EDU) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and EDU?
On 3 years of weekly data the BZ/EDU correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. The 5-year figure is 0.49, and annualized covariance runs at 820.6 %².
Within BZ's tracked universe of 17 assets, EDU comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EDU ahead by 45.7 points (-20.7% versus +25.0%).
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 EDU: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | EDU (New Oriental Education & Technology Group, Inc. Sponsored) | |
|---|---|---|
| 1-year return | -20.7% | +25.0% |
| 5-year return | -47.9% | +163.1% |
| Volatility (ann.) | 49.3% | 43.3% |
| Beta vs S&P 500 | 1.20 | 0.53 |
| Max drawdown (3Y) | -51.6% | -56.8% |
| Market cap | $8.0B | – |
| P/E (trailing) | 12.9 | 19.2 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | EDU |
|---|---|---|
| 2022 | -41.6% | +65.8% |
| 2023 | -17.5% | +110.5% |
| 2024 | -16.9% | -11.5% |
| 2025 | +48.7% | -14.3% |
| 2026 | -11.7% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and EDU good diversifiers for each other?
Reasonably. At 0.38, BZ and EDU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZ and EDU?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.40 over the last year and 0.49 over 5 years.
Is EDU a good diversifier for BZ?
Reasonably. At 0.38, BZ and EDU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-edu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bz-vs-edu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZ correlations · EDU correlations
