BZAI vs MKDW: Correlation
Blaize Holdings, Inc. (BZAI) and MKDWELL Tech Inc. (MKDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZAI and MKDW?
Across a 3-year window, the weekly returns of BZAI and MKDW correlate at 0.37, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 4669.4 %².
Within BZAI's tracked universe of 16 assets, MKDW comes in at #5 by 3-year correlation. The last year tells two different stories: MKDW led by 170.4 percentage points, -87.3% for BZAI against +83.1% for MKDW.
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 MKDW: side by side
| BZAI (Blaize Holdings, Inc.) | MKDW (MKDWELL Tech Inc.) | |
|---|---|---|
| 1-year return | -87.3% | +83.1% |
| 5-year return | -94.8% | n/a |
| Volatility (ann.) | 97.0% | 130.7% |
| Beta vs S&P 500 | 0.55 | 1.90 |
| Max drawdown (3Y) | -97.0% | -99.4% |
| 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 | MKDW |
|---|---|---|
| 2023 | +5.6% | – |
| 2024 | +39.8% | -91.3% |
| 2025 | -87.0% | -82.6% |
| 2026 | -73.8% | +138.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZAI and MKDW good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BZAI and MKDW?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.62 over the last year and n/a over 5 years.
Is MKDW a good diversifier for BZAI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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-mkdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bzai-vs-mkdw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZAI correlations · MKDW correlations
