YHGJ vs ZBH: Correlation
Yunhong Green CTI Ltd. (YHGJ) and Zimmer Biomet (ZBH) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are YHGJ and ZBH?
Across a 3-year window, the weekly returns of YHGJ and ZBH correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -425.6 %².
Within YHGJ's tracked universe of 62 assets, ZBH comes in at #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZBH outperformed by 39.0 percentage points (-44.9% for YHGJ against -5.9% for ZBH). Risk is not evenly split, since YHGJ carries 3.6 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.
YHGJ vs ZBH: side by side
| YHGJ (Yunhong Green CTI Ltd.) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -44.9% | -5.9% |
| 5-year return | -85.6% | -28.6% |
| Volatility (ann.) | 90.5% | 24.9% |
| Beta vs S&P 500 | -0.69 | 0.51 |
| Max drawdown (3Y) | -91.7% | -38.8% |
| Market cap | – | $19.0B |
| P/E (trailing) | – | 24.6 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | YHGJ | ZBH |
|---|---|---|
| 2022 | -12.6% | +4.2% |
| 2023 | +105.8% | -3.8% |
| 2024 | -74.3% | -12.5% |
| 2025 | -34.0% | -14.0% |
| 2026 | -19.6% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are YHGJ and ZBH good diversifiers for each other?
Yes. With a correlation of -0.19, YHGJ and ZBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between YHGJ and ZBH?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.23 over the last year and -0.05 over 5 years.
Is ZBH a good diversifier for YHGJ?
Yes. With a correlation of -0.19, YHGJ and ZBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/yhgj-vs-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/yhgj-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: YHGJ correlations · ZBH correlations
