DE vs ZCMD: Correlation
How closely do Deere & Company (DE) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and ZCMD?
On 3 years of weekly data the DE/ZCMD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -867.7 %².
ZCMD is close to the least connected end of DE's tracked universe, ranking #31 of 33. Their recent paths diverged sharply: over the last 12 months DE outperformed by 127.8 percentage points (+27.9% for DE against -99.9% for ZCMD). One caveat on sizing: ZCMD is 5.3 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.
DE vs ZCMD: side by side
| DE (Deere & Company) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +27.9% | -99.9% |
| 5-year return | +74.5% | -100.0% |
| Volatility (ann.) | 26.7% | 141.8% |
| Beta vs S&P 500 | 0.65 | 0.59 |
| Max drawdown (3Y) | -19.9% | -100.0% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | ZCMD |
|---|---|---|
| 2022 | +26.6% | -35.4% |
| 2023 | -5.5% | -69.5% |
| 2024 | +7.6% | -53.8% |
| 2025 | +11.4% | -72.2% |
| 2026 | +34.5% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DE and ZCMD?
As of 2026-08-27, the correlation of weekly returns between DE and ZCMD is -0.23 over 3 years, -0.31 over 1 year and -0.14 over 5 years.
Is ZCMD a good diversifier for DE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/de-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/de-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · ZCMD correlations
