ADBE vs TYGO: Correlation
Measured on weekly returns over the past three years, Adobe Inc. (ADBE) and Tigo Energy, Inc. (TYGO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and TYGO?
Over the past 3 years, ADBE and TYGO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -740.0 %².
Among the 32 assets we track against ADBE, TYGO ranks #23 by 3-year correlation. Neither side won the trailing year by much: -18.9% against -18.4%. Note the risk asymmetry: TYGO runs 2.9 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.
ADBE vs TYGO: side by side
| ADBE (Adobe Inc.) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | -18.9% | -18.4% |
| 5-year return | -56.6% | -88.7% |
| Volatility (ann.) | 35.1% | 100.4% |
| Beta vs S&P 500 | 1.04 | 0.62 |
| Max drawdown (3Y) | -69.5% | -94.1% |
| Market cap | $114.9B | $0.1B |
| P/E (trailing) | 15.6 | 6.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | TYGO |
|---|---|---|
| 2022 | -40.7% | +3.0% |
| 2023 | +77.3% | -79.5% |
| 2024 | -25.5% | -52.9% |
| 2025 | -21.3% | +40.1% |
| 2026 | -17.4% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and TYGO good diversifiers for each other?
Yes. With a correlation of -0.21, ADBE and TYGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADBE and TYGO?
As of 2026-08-27, the correlation of weekly returns between ADBE and TYGO is -0.21 over 3 years, -0.25 over 1 year and -0.11 over 5 years.
Is TYGO a good diversifier for ADBE?
Yes. With a correlation of -0.21, ADBE and TYGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: ADBE correlations · TYGO correlations
