AMZN vs GOOGL: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Alphabet Inc. (Class A) (GOOGL) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and GOOGL?
Over the past 3 years, AMZN and GOOGL moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 562.3 %².
By 3-year correlation, GOOGL places #18 of the 38 assets tracked against AMZN. The last year tells two different stories: GOOGL led by 52.9 percentage points, +11.8% for AMZN against +64.7% for GOOGL. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.67.
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.
AMZN vs GOOGL: side by side
| AMZN (Amazon) | GOOGL (Alphabet Inc. (Class A)) | |
|---|---|---|
| 1-year return | +11.8% | +64.7% |
| 5-year return | +49.8% | +137.7% |
| Volatility (ann.) | 31.0% | 31.4% |
| Beta vs S&P 500 | 1.48 | 1.22 |
| Max drawdown (3Y) | -30.9% | -29.8% |
| Market cap | $2,764.1B | $4,166.1B |
| P/E (trailing) | 20.9 | 17.2 |
| Dividend yield | 0.00% | 0.25% |
| Sector / category | Consumer Discretionary | Communication Services |
Year-by-year returns
| Year | AMZN | GOOGL |
|---|---|---|
| 2022 | -49.6% | -39.1% |
| 2023 | +80.9% | +58.3% |
| 2024 | +44.4% | +36.0% |
| 2025 | +5.2% | +66.0% |
| 2026 | +11.0% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and GOOGL good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMZN and GOOGL?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.63 over the last year and 0.63 over 5 years.
Is GOOGL a good diversifier for AMZN?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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/amzn-vs-googl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amzn-vs-googl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · GOOGL correlations
