CALY vs TAOX: Correlation
Measured on weekly returns over the past three years, Callaway Golf Company (CALY) and Tao Synergies Inc. (TAOX) 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 CALY and TAOX?
Over the past 3 years, CALY and TAOX moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1885.6 %².
Within CALY's tracked universe of 16 assets, TAOX comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CALY ahead by 95.8 points (+57.6% versus -38.2%). One caveat on sizing: TAOX 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.
CALY vs TAOX: side by side
| CALY (Callaway Golf Company) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | +57.6% | -38.2% |
| 5-year return | -45.7% | -97.5% |
| Volatility (ann.) | 55.5% | 92.9% |
| Beta vs S&P 500 | 1.11 | 1.78 |
| Max drawdown (3Y) | -68.1% | -84.6% |
| Market cap | $2.8B | – |
| P/E (trailing) | 36.8 | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALY | TAOX |
|---|---|---|
| 2022 | -28.0% | -86.4% |
| 2023 | -27.4% | -76.6% |
| 2024 | -45.2% | -49.0% |
| 2025 | +48.5% | +6.1% |
| 2026 | +32.3% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALY and TAOX good diversifiers for each other?
Reasonably. At 0.37, CALY and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CALY and TAOX?
The CALY/TAOX correlation stands at 0.37 on a 3-year window (1 year: 0.29, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is TAOX a good diversifier for CALY?
Reasonably. At 0.37, CALY and TAOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/caly-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caly-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CALY correlations · TAOX correlations
