CDNA vs JDZG: Correlation
CareDx, Inc. (CDNA) and JIADE LIMITED - Class A (JDZG) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNA and JDZG?
Across a 3-year window, the weekly returns of CDNA and JDZG correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -4114.3 %².
Out of 10 assets tracked against CDNA, JDZG lands near the bottom at #8. The last year tells two different stories: CDNA led by 393.3 percentage points, +294.0% for CDNA against -99.3% for JDZG. Risk is not evenly split, since JDZG carries 3.0 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.
CDNA vs JDZG: side by side
| CDNA (CareDx, Inc.) | JDZG (JIADE LIMITED - Class A) | |
|---|---|---|
| 1-year return | +294.0% | -99.3% |
| 5-year return | -35.0% | n/a |
| Volatility (ann.) | 83.5% | 252.5% |
| Beta vs S&P 500 | 1.46 | 0.21 |
| Max drawdown (3Y) | -66.0% | -100.0% |
| Market cap | $2.7B | – |
| P/E (trailing) | 24.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDNA | JDZG |
|---|---|---|
| 2022 | -74.9% | – |
| 2023 | +5.2% | – |
| 2024 | +78.4% | – |
| 2025 | -12.0% | -88.0% |
| 2026 | +177.9% | -98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNA and JDZG good diversifiers for each other?
Yes. With a correlation of -0.23, CDNA and JDZG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDNA and JDZG?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is JDZG a good diversifier for CDNA?
Yes. With a correlation of -0.23, CDNA and JDZG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/cdna-vs-jdzg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdna-vs-jdzg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDNA correlations · JDZG correlations
