BZAI vs TSAT: Correlation
Blaize Holdings, Inc. (BZAI) and Telesat Corporation - Class A (TSAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZAI and TSAT?
On 3 years of weekly data the BZAI/TSAT correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.38 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 2832.0 %².
Within BZAI's tracked universe of 16 assets, TSAT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSAT ahead by 214.4 points (-87.3% versus +127.1%).
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 TSAT: side by side
| BZAI (Blaize Holdings, Inc.) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | -87.3% | +127.1% |
| 5-year return | -94.8% | +10.3% |
| Volatility (ann.) | 97.0% | 76.7% |
| Beta vs S&P 500 | 0.55 | 1.43 |
| Max drawdown (3Y) | -97.0% | -64.5% |
| Market cap | $0.1B | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZAI | TSAT |
|---|---|---|
| 2022 | – | -73.8% |
| 2023 | +5.6% | +39.1% |
| 2024 | +39.8% | +57.6% |
| 2025 | -87.0% | +77.0% |
| 2026 | -73.8% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZAI and TSAT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BZAI and TSAT?
As of 2026-08-27, the correlation of weekly returns between BZAI and TSAT is 0.38 over 3 years, 0.51 over 1 year and 0.30 over 5 years.
Is TSAT a good diversifier for BZAI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bzai-vs-tsat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bzai-vs-tsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZAI correlations · TSAT correlations
