AMZE vs IPW: Correlation
How closely do Amaze Holdings, Inc. (AMZE) and iPower Inc. (IPW) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and IPW?
Over the past 3 years, AMZE and IPW moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.21 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -11963.9 %².
Out of 13 assets tracked against AMZE, IPW lands near the bottom at #11. Their 12-month results are close: -99.3% for AMZE against -98.6% for IPW. Risk is not evenly split, since IPW carries 2.9 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 IPW: side by side
| AMZE (Amaze Holdings, Inc.) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | -99.3% | -98.6% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 139.4% | 405.9% |
| Beta vs S&P 500 | 1.68 | 2.99 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMZE | IPW |
|---|---|---|
| 2022 | -80.8% | -83.2% |
| 2023 | -7.0% | +12.5% |
| 2024 | -36.0% | +85.1% |
| 2025 | -97.2% | -70.1% |
| 2026 | -94.4% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and IPW good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMZE and IPW?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is IPW a good diversifier for AMZE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/amze-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amze-vs-ipw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZE correlations · IPW correlations
