AGIG vs ZIP: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and ZipRecruiter, Inc. (ZIP) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and ZIP?
Across a 3-year window, the weekly returns of AGIG and ZIP correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.14, with an annualized covariance of -2886.0 %².
Within AGIG's tracked universe of 34 assets, ZIP comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZIP outperformed by 73.7 percentage points (-88.7% for AGIG against -15.0% for ZIP). Risk is not evenly split, since AGIG carries 2.1 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.
AGIG vs ZIP: side by side
| AGIG (Abundia Global Impact Group Inc.) | ZIP (ZipRecruiter, Inc.) | |
|---|---|---|
| 1-year return | -88.7% | -15.0% |
| 5-year return | -94.6% | -82.4% |
| Volatility (ann.) | 157.1% | 76.2% |
| Beta vs S&P 500 | -0.21 | 1.99 |
| Max drawdown (3Y) | -96.7% | -89.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | ZIP |
|---|---|---|
| 2022 | +140.6% | -34.2% |
| 2023 | -48.0% | -15.3% |
| 2024 | -27.9% | -47.9% |
| 2025 | -84.7% | -46.1% |
| 2026 | -51.0% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and ZIP good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and ZIP?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.14 over 5 years.
Is ZIP a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agig-vs-zip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agig-vs-zip/)
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Related comparisons
Hubs: AGIG correlations · ZIP correlations
