BZFD vs JL: Correlation
How closely do BuzzFeed, Inc. (BZFD) and J-Long Group Limited - Class A (JL) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZFD and JL?
On 3 years of weekly data the BZFD/JL correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -13829.1 %².
Among the 11 assets we track against BZFD, JL sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with JL ahead by 27.8 points (-44.2% versus -16.4%). Risk is not evenly split, since JL carries 5.9 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.
BZFD vs JL: side by side
| BZFD (BuzzFeed, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -44.2% | -16.4% |
| 5-year return | -97.2% | n/a |
| Volatility (ann.) | 98.8% | 580.0% |
| Beta vs S&P 500 | 2.00 | -1.02 |
| Max drawdown (3Y) | -89.4% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZFD | JL |
|---|---|---|
| 2022 | -87.1% | – |
| 2023 | -63.8% | – |
| 2024 | +167.0% | – |
| 2025 | -65.2% | +67.1% |
| 2026 | +19.4% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZFD and JL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BZFD and JL?
The BZFD/JL correlation stands at -0.24 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for BZFD?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bzfd-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZFD correlations · JL correlations
