ALZN vs ETSY: Correlation
Measured on weekly returns over the past three years, Alzamend Neuro, Inc. (ALZN) and Etsy, Inc. (ETSY) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALZN and ETSY?
On 3 years of weekly data the ALZN/ETSY correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.36 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 1526.7 %².
In ALZN's tracked universe of 10 assets, ETSY sits right near the top at #3. Correlation aside, the last 12 months split them widely, with ETSY ahead by 84.7 points (-32.3% versus +52.4%). One caveat on sizing: ALZN is 2.0 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.
ALZN vs ETSY: side by side
| ALZN (Alzamend Neuro, Inc.) | ETSY (Etsy, Inc.) | |
|---|---|---|
| 1-year return | -32.3% | +52.4% |
| 5-year return | -100.0% | -61.9% |
| Volatility (ann.) | 92.3% | 46.0% |
| Beta vs S&P 500 | 0.81 | 0.98 |
| Max drawdown (3Y) | -99.8% | -53.1% |
| Market cap | – | $7.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALZN | ETSY |
|---|---|---|
| 2022 | -70.3% | -45.3% |
| 2023 | -89.5% | -32.3% |
| 2024 | -87.0% | -34.7% |
| 2025 | -82.6% | +4.8% |
| 2026 | -8.5% | +49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALZN and ETSY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALZN and ETSY?
The ALZN/ETSY correlation stands at 0.36 on a 3-year window (1 year: 0.53, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is ETSY a good diversifier for ALZN?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alzn-vs-etsy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alzn-vs-etsy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALZN correlations · ETSY correlations
