BZFD vs HYLN: Correlation
Measured on weekly returns over the past three years, BuzzFeed, Inc. (BZFD) and Hyliion Holdings Corp. (HYLN) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZFD and HYLN?
Over the past 3 years, BZFD and HYLN moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.43 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 4649.9 %².
Within BZFD's tracked universe of 11 assets, HYLN comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HYLN outperformed by 146.0 percentage points (-44.2% for BZFD against +101.8% for HYLN).
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 HYLN: side by side
| BZFD (BuzzFeed, Inc.) | HYLN (Hyliion Holdings Corp.) | |
|---|---|---|
| 1-year return | -44.2% | +101.8% |
| 5-year return | -97.2% | -60.9% |
| Volatility (ann.) | 98.8% | 108.2% |
| Beta vs S&P 500 | 2.00 | 2.37 |
| Max drawdown (3Y) | -89.4% | -70.3% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZFD | HYLN |
|---|---|---|
| 2022 | -87.1% | -62.3% |
| 2023 | -63.8% | -65.2% |
| 2024 | +167.0% | +220.6% |
| 2025 | -65.2% | -29.5% |
| 2026 | +19.4% | +85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZFD and HYLN good diversifiers for each other?
Reasonably. At 0.43, BZFD and HYLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZFD and HYLN?
The BZFD/HYLN correlation stands at 0.43 on a 3-year window (1 year: 0.66, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is HYLN a good diversifier for BZFD?
Reasonably. At 0.43, BZFD and HYLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/bzfd-vs-hyln.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bzfd-vs-hyln/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BZFD correlations · HYLN correlations
