VEEE vs ZBAO: Correlation
How closely do Twin Vee PowerCats Co. (VEEE) and Zhibao Technology Inc. - Class A (ZBAO) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VEEE and ZBAO?
Over the past 3 years, VEEE and ZBAO moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -11533.7 %².
Out of 23 assets tracked against VEEE, ZBAO lands near the bottom at #19. Their 12-month results are close: -86.3% for VEEE against -82.8% for ZBAO. One caveat on sizing: VEEE is 4.9 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.
VEEE vs ZBAO: side by side
| VEEE (Twin Vee PowerCats Co.) | ZBAO (Zhibao Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | -86.3% | -82.8% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 421.0% | 85.1% |
| Beta vs S&P 500 | -1.03 | 1.27 |
| Max drawdown (3Y) | -99.3% | -96.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VEEE | ZBAO |
|---|---|---|
| 2022 | -54.4% | – |
| 2023 | -22.4% | – |
| 2024 | -61.3% | – |
| 2025 | -68.4% | -42.6% |
| 2026 | -84.0% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VEEE and ZBAO good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between VEEE and ZBAO?
The VEEE/ZBAO correlation stands at -0.29 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZBAO a good diversifier for VEEE?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VEEE correlations · ZBAO correlations
