BZ vs IAE: Correlation
KANZHUN LIMITED - American Depository Shares (BZ) and Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and IAE?
Across a 3-year window, the weekly returns of BZ and IAE correlate at 0.49, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.49). Stretching to 5 years gives 0.50, with an annualized covariance of 400.2 %².
By 3-year correlation, IAE places #5 of the 17 assets tracked against BZ. The last year tells two different stories: IAE led by 58.5 percentage points, -20.7% for BZ against +37.8% for IAE. Risk is not evenly split, since BZ carries 3.0 times the volatility of the other side.
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 IAE: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | |
|---|---|---|
| 1-year return | -20.7% | +37.8% |
| 5-year return | -47.9% | +84.4% |
| Volatility (ann.) | 49.3% | 16.5% |
| Beta vs S&P 500 | 1.20 | 0.72 |
| Max drawdown (3Y) | -51.6% | -16.2% |
| Market cap | $8.0B | $0.1B |
| P/E (trailing) | 12.9 | 3.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | IAE |
|---|---|---|
| 2022 | -41.6% | -14.0% |
| 2023 | -17.5% | +9.1% |
| 2024 | -16.9% | +13.4% |
| 2025 | +48.7% | +34.6% |
| 2026 | -11.7% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and IAE good diversifiers for each other?
Reasonably. At 0.49, BZ and IAE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZ and IAE?
As of 2026-08-27, the correlation of weekly returns between BZ and IAE is 0.49 over 3 years, 0.37 over 1 year and 0.50 over 5 years.
Is IAE a good diversifier for BZ?
Reasonably. At 0.49, BZ and IAE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-iae.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bz-vs-iae/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZ correlations · IAE correlations
