BZAI vs ELPW: Correlation
Measured on weekly returns over the past three years, Blaize Holdings, Inc. (BZAI) and Elong Power Holding Limited - Class A (ELPW) 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 BZAI and ELPW?
On 3 years of weekly data the BZAI/ELPW correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -88059.9 %².
ELPW is close to the least connected end of BZAI's tracked universe, ranking #14 of 16. On 12-month performance BZAI holds a 11.7-point edge, -87.3% against -99.0%. Note the risk asymmetry: ELPW runs 34.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BZAI vs ELPW: side by side
| BZAI (Blaize Holdings, Inc.) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -87.3% | -99.0% |
| 5-year return | -94.8% | n/a |
| Volatility (ann.) | 97.0% | 3332.8% |
| Beta vs S&P 500 | 0.55 | 3.98 |
| Max drawdown (3Y) | -97.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZAI | ELPW |
|---|---|---|
| 2023 | +5.6% | – |
| 2024 | +39.8% | -87.5% |
| 2025 | -87.0% | -91.4% |
| 2026 | -73.8% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZAI and ELPW good diversifiers for each other?
Yes. With a correlation of -0.27, BZAI and ELPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BZAI and ELPW?
The BZAI/ELPW correlation stands at -0.27 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ELPW a good diversifier for BZAI?
Yes. With a correlation of -0.27, BZAI and ELPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bzai-vs-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bzai-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZAI correlations · ELPW correlations
