AMZN vs TSLA: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Tesla, Inc. (TSLA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and TSLA?
Across a 3-year window, the weekly returns of AMZN and TSLA correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 611.8 %².
Among the 38 assets we track against AMZN, TSLA ranks #24 by 3-year correlation. On 12-month performance AMZN holds a 10.3-point edge, +11.8% against +1.5%. The rolling one-year correlation moved between 0.16 and 0.53 over the past three years, a moderate range. One caveat on sizing: TSLA is 1.7 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.
AMZN vs TSLA: side by side
| AMZN (Amazon) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +11.8% | +1.5% |
| 5-year return | +49.8% | +45.6% |
| Volatility (ann.) | 31.0% | 53.9% |
| Beta vs S&P 500 | 1.48 | 1.87 |
| Max drawdown (3Y) | -30.9% | -53.8% |
| Market cap | $2,764.1B | $1,401.3B |
| P/E (trailing) | 20.9 | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | AMZN | TSLA |
|---|---|---|
| 2022 | -49.6% | -65.0% |
| 2023 | +80.9% | +101.7% |
| 2024 | +44.4% | +62.5% |
| 2025 | +5.2% | +11.4% |
| 2026 | +11.0% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and TSLA good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMZN and TSLA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.27 over the last year and 0.42 over 5 years.
Is TSLA a good diversifier for AMZN?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/amzn-vs-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amzn-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · TSLA correlations
