BZ vs MDBH: Correlation
Measured on weekly returns over the past three years, KANZHUN LIMITED - American Depository Shares (BZ) and MDB Capital Holdings, LLC - Class A common (MDBH) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and MDBH?
Across a 3-year window, the weekly returns of BZ and MDBH correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.03) than the 3-year average (-0.17). Stretching to 5 years gives n/a, with an annualized covariance of -529.0 %².
Among the 17 assets we track against BZ, MDBH sits near the bottom by co-movement, at rank #14. Twelve-month performance is nearly a tie, at -20.7% for BZ and -15.9% for MDBH.
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 MDBH: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | MDBH (MDB Capital Holdings, LLC - Class A common) | |
|---|---|---|
| 1-year return | -20.7% | -15.9% |
| 5-year return | -47.9% | n/a |
| Volatility (ann.) | 49.3% | 63.1% |
| Beta vs S&P 500 | 1.20 | 0.25 |
| Max drawdown (3Y) | -51.6% | -78.6% |
| 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 | MDBH |
|---|---|---|
| 2022 | -41.6% | – |
| 2023 | -17.5% | – |
| 2024 | -16.9% | -45.4% |
| 2025 | +48.7% | -48.5% |
| 2026 | -11.7% | -10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and MDBH good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BZ and MDBH?
The BZ/MDBH correlation stands at -0.17 on a 3-year window (1 year: 0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MDBH a good diversifier for BZ?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-mdbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bz-vs-mdbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZ correlations · MDBH correlations
