ALL vs TYGO: Correlation
How closely do Allstate (ALL) and Tigo Energy, Inc. (TYGO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and TYGO?
Across a 3-year window, the weekly returns of ALL and TYGO correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -520.0 %².
TYGO is close to the least connected end of ALL's tracked universe, ranking #29 of 32. Correlation aside, the last 12 months split them widely, with ALL ahead by 47.3 points (+28.9% versus -18.4%). One caveat on sizing: TYGO is 4.5 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.
ALL vs TYGO: side by side
| ALL (Allstate) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | +28.9% | -18.4% |
| 5-year return | +114.7% | -88.7% |
| Volatility (ann.) | 22.1% | 100.4% |
| Beta vs S&P 500 | 0.31 | 0.62 |
| Max drawdown (3Y) | -14.1% | -94.1% |
| Market cap | $65.1B | $0.1B |
| P/E (trailing) | 5.2 | 6.9 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | TYGO |
|---|---|---|
| 2022 | +18.4% | +3.0% |
| 2023 | +6.4% | -79.5% |
| 2024 | +40.6% | -52.9% |
| 2025 | +10.1% | +40.1% |
| 2026 | +25.0% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and TYGO good diversifiers for each other?
Yes. With a correlation of -0.23, ALL and TYGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALL and TYGO?
The ALL/TYGO correlation stands at -0.23 on a 3-year window (1 year: -0.30, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is TYGO a good diversifier for ALL?
Yes. With a correlation of -0.23, ALL and TYGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: ALL correlations · TYGO correlations
