JTAI vs ZBAO: Correlation
Measured on weekly returns over the past three years, Jet.AI Inc. (JTAI) and Zhibao Technology Inc. - Class A (ZBAO) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JTAI and ZBAO?
Across a 3-year window, the weekly returns of JTAI and ZBAO correlate at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -6549.1 %².
ZBAO is close to the least connected end of JTAI's tracked universe, ranking #12 of 12. Over the last 12 months ZBAO came out ahead by 14.8 percentage points (-97.6% against -82.8%). Note the risk asymmetry: JTAI runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JTAI vs ZBAO: side by side
| JTAI (Jet.AI Inc.) | ZBAO (Zhibao Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | -97.6% | -82.8% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 233.8% | 85.1% |
| Beta vs S&P 500 | 0.55 | 1.27 |
| Max drawdown (3Y) | -100.0% | -96.6% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JTAI | ZBAO |
|---|---|---|
| 2022 | +5.6% | – |
| 2023 | -86.2% | – |
| 2024 | -98.6% | – |
| 2025 | -87.1% | -42.6% |
| 2026 | -85.9% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JTAI and ZBAO 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 JTAI and ZBAO?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.41 over the last year and n/a over 5 years.
Is ZBAO a good diversifier for JTAI?
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?
On the −1 to +1 scale, -0.32 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.
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Related comparisons
Hubs: JTAI correlations · ZBAO correlations
