KXIN vs ZCMD: Correlation
Kaixin Holdings (KXIN) and Zhongchao Inc. - Class A (ZCMD) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and ZCMD?
On 3 years of weekly data the KXIN/ZCMD correlation comes out at 0.27, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.27). The 5-year figure is 0.25, and annualized covariance runs at 10507.2 %².
Within KXIN's tracked universe of 15 assets, ZCMD comes in at #8 by 3-year correlation. Their 12-month results are close: -99.5% for KXIN against -99.9% for ZCMD. One caveat on sizing: KXIN is 1.9 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.
KXIN vs ZCMD: side by side
| KXIN (Kaixin Holdings) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | -99.5% | -99.9% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 272.9% | 141.8% |
| Beta vs S&P 500 | 2.71 | 0.59 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | ZCMD |
|---|---|---|
| 2022 | -74.3% | -35.4% |
| 2023 | -80.0% | -69.5% |
| 2024 | -97.1% | -53.8% |
| 2025 | -88.6% | -72.2% |
| 2026 | -98.1% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and ZCMD good diversifiers for each other?
Reasonably. At 0.27, KXIN and ZCMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KXIN and ZCMD?
As of 2026-08-27, the correlation of weekly returns between KXIN and ZCMD is 0.27 over 3 years, 0.09 over 1 year and 0.25 over 5 years.
Is ZCMD a good diversifier for KXIN?
Reasonably. At 0.27, KXIN and ZCMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/kxin-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kxin-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KXIN correlations · ZCMD correlations
