EDU vs KWEB: Correlation
Measured on weekly returns over the past three years, New Oriental Education & Technology Group, Inc. Sponsored (EDU) and KraneShares CSI China Internet ETF (KWEB) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDU and KWEB?
On 3 years of weekly data the EDU/KWEB correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.49). The 5-year figure is 0.58, and annualized covariance runs at 719.1 %².
In EDU's tracked universe of 10 assets, KWEB sits right near the top at #1. Correlation aside, the last 12 months split them widely, with EDU ahead by 51.1 points (+25.0% versus -26.1%).
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.
EDU vs KWEB: side by side
| EDU (New Oriental Education & Technology Group, Inc. Sponsored) | KWEB (KraneShares CSI China Internet ETF) | |
|---|---|---|
| 1-year return | +25.0% | -26.1% |
| 5-year return | +163.1% | -36.2% |
| Volatility (ann.) | 43.3% | 33.9% |
| Beta vs S&P 500 | 0.53 | 0.90 |
| Max drawdown (3Y) | -56.8% | -41.6% |
| Market cap | – | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 2.08% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | EDU | KWEB |
|---|---|---|
| 2022 | +65.8% | -17.2% |
| 2023 | +110.5% | -9.1% |
| 2024 | -11.5% | +12.0% |
| 2025 | -14.3% | +23.5% |
| 2026 | +6.5% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDU and KWEB good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EDU and KWEB?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.62 over the last year and 0.58 over 5 years.
Is KWEB a good diversifier for EDU?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/edu-vs-kweb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edu-vs-kweb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDU correlations · KWEB correlations
