JDZG vs KD: Correlation
How closely do JIADE LIMITED - Class A (JDZG) and Kyndryl Holdings, Inc. (KD) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JDZG and KD?
On 3 years of weekly data the JDZG/KD correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.65 versus -0.32 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -4322.6 %².
Out of 25 assets tracked against JDZG, KD lands near the bottom at #24. Their recent paths diverged sharply: over the last 12 months KD outperformed by 41.3 percentage points (-99.3% for JDZG against -58.0% for KD). Risk is not evenly split, since JDZG carries 4.7 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.
JDZG vs KD: side by side
| JDZG (JIADE LIMITED - Class A) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -99.3% | -58.0% |
| 5-year return | n/a | -67.5% |
| Volatility (ann.) | 252.5% | 53.4% |
| Beta vs S&P 500 | 0.21 | 1.59 |
| Max drawdown (3Y) | -100.0% | -75.6% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JDZG | KD |
|---|---|---|
| 2022 | – | -38.6% |
| 2023 | – | +86.9% |
| 2024 | – | +66.5% |
| 2025 | -88.0% | -23.2% |
| 2026 | -98.2% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG and KD good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between JDZG and KD?
As of 2026-08-27, the correlation of weekly returns between JDZG and KD is -0.32 over 3 years, -0.65 over 1 year and n/a over 5 years.
Is KD a good diversifier for JDZG?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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
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Related comparisons
Hubs: JDZG correlations · KD correlations
