BZ vs LVS: Correlation
KANZHUN LIMITED - American Depository Shares (BZ) and Las Vegas Sands (LVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and LVS?
Over the past 3 years, BZ and LVS moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 744.7 %².
By 3-year correlation, LVS places #6 of the 17 assets tracked against BZ. Twelve-month performance is nearly a tie, at -20.7% for BZ and -20.3% for LVS.
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 LVS: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | -20.7% | -20.3% |
| 5-year return | -47.9% | +8.5% |
| Volatility (ann.) | 49.3% | 34.8% |
| Beta vs S&P 500 | 1.20 | 0.75 |
| Max drawdown (3Y) | -51.6% | -44.0% |
| Market cap | $8.0B | $28.7B |
| P/E (trailing) | 12.9 | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BZ | LVS |
|---|---|---|
| 2022 | -41.6% | +27.7% |
| 2023 | -17.5% | +3.1% |
| 2024 | -16.9% | +6.2% |
| 2025 | +48.7% | +29.5% |
| 2026 | -11.7% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and LVS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BZ and LVS?
As of 2026-08-27, the correlation of weekly returns between BZ and LVS is 0.43 over 3 years, 0.23 over 1 year and 0.41 over 5 years.
Is LVS a good diversifier for BZ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bz-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZ correlations · LVS correlations
