AIIO vs TECH: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Bio-Techne (TECH) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and TECH?
Across a 3-year window, the weekly returns of AIIO and TECH correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -1945.8 %².
Among the 35 assets we track against AIIO, TECH ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TECH outperformed by 120.9 percentage points (-91.3% for AIIO against +29.6% for TECH). One caveat on sizing: AIIO is 6.7 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.
AIIO vs TECH: side by side
| AIIO (Robo.ai Inc. - Class B) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | -91.3% | +29.6% |
| 5-year return | -98.8% | -41.4% |
| Volatility (ann.) | 280.6% | 41.9% |
| Beta vs S&P 500 | 0.74 | 0.90 |
| Max drawdown (3Y) | -99.7% | -48.1% |
| Market cap | $0.4B | $11.4B |
| P/E (trailing) | – | 62.5 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AIIO | TECH |
|---|---|---|
| 2022 | -9.2% | -35.7% |
| 2023 | -27.5% | -6.5% |
| 2024 | -91.0% | -6.2% |
| 2025 | -56.6% | -17.9% |
| 2026 | -61.3% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and TECH good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIIO and TECH?
As of 2026-08-27, the correlation of weekly returns between AIIO and TECH is -0.17 over 3 years, -0.18 over 1 year and -0.14 over 5 years.
Is TECH a good diversifier for AIIO?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/aiio-vs-tech.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiio-vs-tech/)
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Related comparisons
Hubs: AIIO correlations · TECH correlations
