BZFD vs ELMD: Correlation
How closely do BuzzFeed, Inc. (BZFD) and Electromed, Inc. (ELMD) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZFD and ELMD?
Over the past 3 years, BZFD and ELMD moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1756.1 %².
Within BZFD's tracked universe of 11 assets, ELMD comes in at #6 by 3-year correlation. The last year tells two different stories: ELMD led by 65.9 percentage points, -44.2% for BZFD against +21.7% for ELMD. One caveat on sizing: BZFD is 2.0 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.
BZFD vs ELMD: side by side
| BZFD (BuzzFeed, Inc.) | ELMD (Electromed, Inc.) | |
|---|---|---|
| 1-year return | -44.2% | +21.7% |
| 5-year return | -97.2% | +144.2% |
| Volatility (ann.) | 98.8% | 48.9% |
| Beta vs S&P 500 | 2.00 | 0.63 |
| Max drawdown (3Y) | -89.4% | -48.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZFD | ELMD |
|---|---|---|
| 2022 | -87.1% | -19.3% |
| 2023 | -63.8% | +4.0% |
| 2024 | +167.0% | +170.9% |
| 2025 | -65.2% | -1.5% |
| 2026 | +19.4% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZFD and ELMD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BZFD and ELMD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.59 over the last year and 0.20 over 5 years.
Is ELMD a good diversifier for BZFD?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/bzfd-vs-elmd.json
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Related comparisons
Hubs: BZFD correlations · ELMD correlations
