ABLV vs TXNM: Correlation
How closely do Able View Global Inc. - Class B (ABLV) and TXNM Energy, Inc. (TXNM) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and TXNM?
Over the past 3 years, ABLV and TXNM moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.31). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -698.7 %².
Among the 10 assets we track against ABLV, TXNM sits near the bottom by co-movement, at rank #10. The last year tells two different stories: ABLV led by 16.7 percentage points, +21.2% for ABLV against +4.5% for TXNM. Note the risk asymmetry: ABLV runs 7.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABLV vs TXNM: side by side
| ABLV (Able View Global Inc. - Class B) | TXNM (TXNM Energy, Inc.) | |
|---|---|---|
| 1-year return | +21.2% | +4.5% |
| 5-year return | n/a | +36.1% |
| Volatility (ann.) | 132.4% | 17.1% |
| Beta vs S&P 500 | 0.43 | 0.10 |
| Max drawdown (3Y) | -88.1% | -21.0% |
| Market cap | $0.1B | $5.9B |
| P/E (trailing) | – | 31.4 |
| Dividend yield | 0.00% | 2.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABLV | TXNM |
|---|---|---|
| 2022 | – | +10.2% |
| 2023 | -73.5% | -12.0% |
| 2024 | -72.3% | +23.0% |
| 2025 | -9.6% | +23.4% |
| 2026 | +52.4% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and TXNM good diversifiers for each other?
Yes. With a correlation of -0.31, ABLV and TXNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABLV and TXNM?
As of 2026-08-27, the correlation of weekly returns between ABLV and TXNM is -0.31 over 3 years, -0.12 over 1 year and -0.29 over 5 years.
Is TXNM a good diversifier for ABLV?
Yes. With a correlation of -0.31, ABLV and TXNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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
$ curl https://www.pairbook.io/api/v1/pairs/ablv-vs-txnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ablv-vs-txnm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABLV correlations · TXNM correlations
