AZTA vs TXG: Correlation
Azenta, Inc. (AZTA) and 10x Genomics, Inc. (TXG) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZTA and TXG?
Over the past 3 years, AZTA and TXG moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 1897.5 %².
Within AZTA's tracked universe of 16 assets, TXG comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TXG ahead by 351.3 points (+11.3% versus +362.6%).
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.
AZTA vs TXG: side by side
| AZTA (Azenta, Inc.) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +362.6% |
| 5-year return | -60.4% | -62.7% |
| Volatility (ann.) | 51.4% | 64.3% |
| Beta vs S&P 500 | 1.08 | 1.55 |
| Max drawdown (3Y) | -76.3% | -87.6% |
| Market cap | $1.5B | $8.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZTA | TXG |
|---|---|---|
| 2022 | -43.5% | -75.5% |
| 2023 | +11.9% | +53.6% |
| 2024 | -23.2% | -74.3% |
| 2025 | -33.5% | +13.6% |
| 2026 | +1.1% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZTA and TXG good diversifiers for each other?
To a limited degree. At 0.57 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 AZTA and TXG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.57 over the last year and 0.50 over 5 years.
Is TXG a good diversifier for AZTA?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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/azta-vs-txg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/azta-vs-txg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AZTA correlations · TXG correlations
