BZ vs TDF: Correlation
KANZHUN LIMITED - American Depository Shares (BZ) and Templeton Dragon Fund, Inc. (TDF) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and TDF?
Over the past 3 years, BZ and TDF moved with a correlation of 0.70, which is strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.70). Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 768.5 %².
In BZ's tracked universe of 17 assets, TDF sits right near the top at #3. The last year tells two different stories: TDF led by 24.1 percentage points, -20.7% for BZ against +3.4% for TDF. One caveat on sizing: BZ is 2.2 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 TDF: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | TDF (Templeton Dragon Fund, Inc.) | |
|---|---|---|
| 1-year return | -20.7% | +3.4% |
| 5-year return | -47.9% | -29.3% |
| Volatility (ann.) | 49.3% | 22.2% |
| Beta vs S&P 500 | 1.20 | 0.64 |
| Max drawdown (3Y) | -51.6% | -22.2% |
| Market cap | $8.0B | $0.3B |
| P/E (trailing) | 12.9 | 3.6 |
| Dividend yield | 0.00% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | TDF |
|---|---|---|
| 2022 | -41.6% | -32.9% |
| 2023 | -17.5% | -20.1% |
| 2024 | -16.9% | +5.5% |
| 2025 | +48.7% | +37.7% |
| 2026 | -11.7% | -1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and TDF good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BZ and TDF?
As of 2026-08-27, the correlation of weekly returns between BZ and TDF is 0.70 over 3 years, 0.39 over 1 year and 0.73 over 5 years.
Is TDF a good diversifier for BZ?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 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-tdf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bz-vs-tdf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZ correlations · TDF correlations
