AMZE vs EXK: Correlation
Measured on weekly returns over the past three years, Amaze Holdings, Inc. (AMZE) and Endeavour Silver Corporation (EXK) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and EXK?
On 3 years of weekly data the AMZE/EXK correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 3877.9 %².
Few assets follow AMZE as closely as EXK, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months EXK outperformed by 189.5 percentage points (-99.3% for AMZE against +90.2% for EXK). Risk is not evenly split, since AMZE carries 1.9 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.
AMZE vs EXK: side by side
| AMZE (Amaze Holdings, Inc.) | EXK (Endeavour Silver Corporation) | |
|---|---|---|
| 1-year return | -99.3% | +90.2% |
| 5-year return | -100.0% | +146.7% |
| Volatility (ann.) | 139.4% | 74.1% |
| Beta vs S&P 500 | 1.68 | 1.93 |
| Max drawdown (3Y) | -99.9% | -51.3% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | 53.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMZE | EXK |
|---|---|---|
| 2022 | -80.8% | -23.2% |
| 2023 | -7.0% | -39.2% |
| 2024 | -36.0% | +85.8% |
| 2025 | -97.2% | +156.8% |
| 2026 | -94.4% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and EXK good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMZE and EXK?
As of 2026-08-27, the correlation of weekly returns between AMZE and EXK is 0.38 over 3 years, 0.48 over 1 year and 0.29 over 5 years.
Is EXK a good diversifier for AMZE?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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: AMZE correlations · EXK correlations
