BZ vs HSCS: Correlation
How closely do KANZHUN LIMITED - American Depository Shares (BZ) and HeartSciences Inc. (HSCS) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and HSCS?
Over the past 3 years, BZ and HSCS moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.31). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is 1597.8 %².
HSCS is close to the least connected end of BZ's tracked universe, ranking #13 of 17. On 12-month performance HSCS holds a 13.0-point edge, -20.7% against -7.7%. One caveat on sizing: HSCS is 2.1 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 HSCS: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | HSCS (HeartSciences Inc.) | |
|---|---|---|
| 1-year return | -20.7% | -7.7% |
| 5-year return | -47.9% | -98.7% |
| Volatility (ann.) | 49.3% | 104.0% |
| Beta vs S&P 500 | 1.20 | 0.88 |
| Max drawdown (3Y) | -51.6% | -98.0% |
| 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 | HSCS |
|---|---|---|
| 2022 | -41.6% | – |
| 2023 | -17.5% | -79.6% |
| 2024 | -16.9% | -77.7% |
| 2025 | +48.7% | -19.1% |
| 2026 | -11.7% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and HSCS good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BZ and HSCS?
As of 2026-08-27, the correlation of weekly returns between BZ and HSCS is 0.31 over 3 years, 0.12 over 1 year and -0.02 over 5 years.
Is HSCS a good diversifier for BZ?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bz-vs-hscs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bz-vs-hscs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZ correlations · HSCS correlations
