BZAI vs OPEN: Correlation
Measured on weekly returns over the past three years, Blaize Holdings, Inc. (BZAI) and Opendoor Technologies Inc (OPEN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZAI and OPEN?
Over the past 3 years, BZAI and OPEN moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.39). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 5551.0 %².
In BZAI's tracked universe of 16 assets, OPEN sits right near the top at #3. Correlation aside, the last 12 months split them widely, with OPEN ahead by 71.4 points (-87.3% versus -15.9%). Risk is not evenly split, since OPEN carries 1.5 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.
BZAI vs OPEN: side by side
| BZAI (Blaize Holdings, Inc.) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -87.3% | -15.9% |
| 5-year return | -94.8% | -80.8% |
| Volatility (ann.) | 97.0% | 145.6% |
| Beta vs S&P 500 | 0.55 | 2.46 |
| Max drawdown (3Y) | -97.0% | -89.2% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZAI | OPEN |
|---|---|---|
| 2022 | – | -92.1% |
| 2023 | +5.6% | +286.2% |
| 2024 | +39.8% | -64.3% |
| 2025 | -87.0% | +264.4% |
| 2026 | -73.8% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZAI and OPEN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BZAI and OPEN?
The BZAI/OPEN correlation stands at 0.39 on a 3-year window (1 year: 0.08, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is OPEN a good diversifier for BZAI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/bzai-vs-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bzai-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZAI correlations · OPEN correlations
