CARG vs XYZ: Correlation
How closely do CarGurus, Inc. (CARG) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARG and XYZ?
On 3 years of weekly data the CARG/XYZ correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 1027.0 %².
By 3-year correlation, XYZ places #6 of the 17 assets tracked against CARG. Twelve-month performance is nearly a tie, at +6.1% for CARG and +6.9% for XYZ.
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.
CARG vs XYZ: side by side
| CARG (CarGurus, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +6.1% | +6.9% |
| 5-year return | +17.1% | -68.8% |
| Volatility (ann.) | 39.4% | 50.2% |
| Beta vs S&P 500 | 1.12 | 1.80 |
| Max drawdown (3Y) | -37.9% | -53.0% |
| Market cap | $3.2B | $51.0B |
| P/E (trailing) | 18.6 | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CARG | XYZ |
|---|---|---|
| 2022 | -58.4% | -61.1% |
| 2023 | +72.4% | +23.1% |
| 2024 | +51.2% | +9.9% |
| 2025 | +5.0% | -23.4% |
| 2026 | -5.2% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARG and XYZ good diversifiers for each other?
To a limited degree. At 0.52 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 CARG and XYZ?
As of 2026-08-27, the correlation of weekly returns between CARG and XYZ is 0.52 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is XYZ a good diversifier for CARG?
To a limited degree. At 0.52 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 0.52 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/carg-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/carg-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CARG correlations · XYZ correlations
