CODI vs ZKIN: Correlation
Measured on weekly returns over the past three years, D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and ZK International Group Co., Ltd (ZKIN) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and ZKIN?
On 3 years of weekly data the CODI/ZKIN correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.31). The 5-year figure is -0.24, and annualized covariance runs at -5740.9 %².
Among the 17 assets we track against CODI, ZKIN sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with CODI ahead by 91.0 points (+49.4% versus -41.6%). One caveat on sizing: ZKIN is 4.7 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.
CODI vs ZKIN: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | ZKIN (ZK International Group Co., Ltd) | |
|---|---|---|
| 1-year return | +49.4% | -41.6% |
| 5-year return | -53.0% | -68.9% |
| Volatility (ann.) | 63.2% | 296.5% |
| Beta vs S&P 500 | 1.45 | -1.03 |
| Max drawdown (3Y) | -80.3% | -74.7% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | ZKIN |
|---|---|---|
| 2022 | -37.7% | -70.6% |
| 2023 | +29.4% | +140.2% |
| 2024 | +7.5% | -38.8% |
| 2025 | -78.6% | +150.0% |
| 2026 | +134.4% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and ZKIN good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CODI and ZKIN?
As of 2026-08-27, the correlation of weekly returns between CODI and ZKIN is -0.31 over 3 years, -0.11 over 1 year and -0.24 over 5 years.
Is ZKIN a good diversifier for CODI?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/codi-vs-zkin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/codi-vs-zkin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CODI correlations · ZKIN correlations
