BZ vs QNBC: Correlation
Measured on weekly returns over the past three years, KANZHUN LIMITED - American Depository Shares (BZ) and QNB Corp. (QNBC) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and QNBC?
On 3 years of weekly data the BZ/QNBC correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.27). The 5-year figure is -0.08, and annualized covariance runs at -225.7 %².
Among the 17 assets we track against BZ, QNBC sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months QNBC outperformed by 52.0 percentage points (-20.7% for BZ against +31.3% for QNBC). Risk is not evenly split, since BZ carries 2.9 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 QNBC: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | -20.7% | +31.3% |
| 5-year return | -47.9% | +50.2% |
| Volatility (ann.) | 49.3% | 17.1% |
| Beta vs S&P 500 | 1.20 | -0.03 |
| Max drawdown (3Y) | -51.6% | -12.1% |
| Market cap | $8.0B | $0.3B |
| P/E (trailing) | 12.9 | 13.4 |
| Dividend yield | 0.00% | 3.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | QNBC |
|---|---|---|
| 2022 | -41.6% | -23.3% |
| 2023 | -17.5% | +4.7% |
| 2024 | -16.9% | +37.9% |
| 2025 | +48.7% | +7.7% |
| 2026 | -11.7% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and QNBC good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BZ and QNBC?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.06 over the last year and -0.08 over 5 years.
Is QNBC a good diversifier for BZ?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bz-vs-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bz-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZ correlations · QNBC correlations
