AZIO vs TYGO: Correlation
How closely do Azio AI Holdings, Inc. (AZIO) and Tigo Energy, Inc. (TYGO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZIO and TYGO?
On 3 years of weekly data the AZIO/TYGO correlation comes out at 0.50, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.50). The 5-year figure is 0.46, and annualized covariance runs at 20281.8 %².
In AZIO's tracked universe of 18 assets, TYGO sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months TYGO outperformed by 25.1 percentage points (-43.5% for AZIO against -18.4% for TYGO). Note the risk asymmetry: AZIO runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AZIO vs TYGO: side by side
| AZIO (Azio AI Holdings, Inc.) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | -43.5% | -18.4% |
| 5-year return | -97.5% | -88.7% |
| Volatility (ann.) | 404.0% | 100.4% |
| Beta vs S&P 500 | 1.20 | 0.62 |
| Max drawdown (3Y) | -98.8% | -94.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 6.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZIO | TYGO |
|---|---|---|
| 2022 | -52.7% | +3.0% |
| 2023 | -36.2% | -79.5% |
| 2024 | -11.0% | -52.9% |
| 2025 | -97.0% | +40.1% |
| 2026 | +276.0% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZIO and TYGO good diversifiers for each other?
Only partially. A correlation of 0.50 means AZIO and TYGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AZIO and TYGO?
The AZIO/TYGO correlation stands at 0.50 on a 3-year window (1 year: 0.66, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is TYGO a good diversifier for AZIO?
Only partially. A correlation of 0.50 means AZIO and TYGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: AZIO correlations · TYGO correlations
