CBZ vs KD: Correlation
How closely do CBIZ, Inc. (CBZ) and Kyndryl Holdings, Inc. (KD) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and KD?
Across a 3-year window, the weekly returns of CBZ and KD correlate at 0.58, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.58). Stretching to 5 years gives 0.42, with an annualized covariance of 1386.2 %².
By 3-year correlation, KD places #4 of the 20 assets tracked against CBZ. The last year tells two different stories: CBZ led by 41.1 percentage points, -16.9% for CBZ against -58.0% for KD.
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.
CBZ vs KD: side by side
| CBZ (CBIZ, Inc.) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.9% | -58.0% |
| 5-year return | +61.7% | -67.5% |
| Volatility (ann.) | 44.6% | 53.4% |
| Beta vs S&P 500 | 1.02 | 1.59 |
| Max drawdown (3Y) | -71.6% | -75.6% |
| Market cap | $3.0B | $2.9B |
| P/E (trailing) | 26.3 | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | KD |
|---|---|---|
| 2022 | +19.8% | -38.6% |
| 2023 | +33.6% | +86.9% |
| 2024 | +30.7% | +66.5% |
| 2025 | -38.3% | -23.2% |
| 2026 | +8.4% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and KD good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CBZ and KD?
The CBZ/KD correlation stands at 0.58 on a 3-year window (1 year: 0.72, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is KD a good diversifier for CBZ?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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/cbz-vs-kd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbz-vs-kd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBZ correlations · KD correlations
