KNDI vs TDF: Correlation
How closely do Kandi Technologies Group, Inc. (KNDI) and Templeton Dragon Fund, Inc. (TDF) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNDI and TDF?
Across a 3-year window, the weekly returns of KNDI and TDF correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 452.7 %².
In KNDI's tracked universe of 10 assets, TDF sits right near the top at #3. The last year tells two different stories: TDF led by 60.0 percentage points, -56.6% for KNDI against +3.4% for TDF. Risk is not evenly split, since KNDI carries 2.5 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.
KNDI vs TDF: side by side
| KNDI (Kandi Technologies Group, Inc.) | TDF (Templeton Dragon Fund, Inc.) | |
|---|---|---|
| 1-year return | -56.6% | +3.4% |
| 5-year return | -87.2% | -29.3% |
| Volatility (ann.) | 56.6% | 22.2% |
| Beta vs S&P 500 | 0.56 | 0.64 |
| Max drawdown (3Y) | -83.3% | -22.2% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 3.6 |
| Dividend yield | 0.00% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNDI | TDF |
|---|---|---|
| 2022 | -28.3% | -32.9% |
| 2023 | +21.7% | -20.1% |
| 2024 | -57.1% | +5.5% |
| 2025 | -34.2% | +37.7% |
| 2026 | -19.2% | -1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNDI and TDF good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KNDI and TDF?
As of 2026-08-27, the correlation of weekly returns between KNDI and TDF is 0.36 over 3 years, 0.28 over 1 year and 0.38 over 5 years.
Is TDF a good diversifier for KNDI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/kndi-vs-tdf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kndi-vs-tdf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KNDI correlations · TDF correlations
