LAW vs ZBAO: Correlation
CS Disco, Inc. (LAW) and Zhibao Technology Inc. - Class A (ZBAO) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAW and ZBAO?
Over the past 3 years, LAW and ZBAO moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2091.8 %².
Within LAW's tracked universe of 19 assets, ZBAO comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LAW outperformed by 68.4 percentage points (-14.4% for LAW against -82.8% for ZBAO).
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.
LAW vs ZBAO: side by side
| LAW (CS Disco, Inc.) | ZBAO (Zhibao Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | -14.4% | -82.8% |
| 5-year return | -91.3% | n/a |
| Volatility (ann.) | 62.8% | 85.1% |
| Beta vs S&P 500 | 0.96 | 1.27 |
| Max drawdown (3Y) | -71.7% | -96.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAW | ZBAO |
|---|---|---|
| 2022 | -82.3% | – |
| 2023 | +20.1% | – |
| 2024 | -34.3% | – |
| 2025 | +55.5% | -42.6% |
| 2026 | -43.2% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAW and ZBAO good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAW and ZBAO?
The LAW/ZBAO correlation stands at 0.38 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZBAO a good diversifier for LAW?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: LAW correlations · ZBAO correlations
