CHKP vs SRZN: Correlation
Check Point Software Technologies Ltd. (CHKP) and Surrozen, Inc. (SRZN) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHKP and SRZN?
Across a 3-year window, the weekly returns of CHKP and SRZN correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -600.3 %².
Among the 12 assets we track against CHKP, SRZN sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months SRZN outperformed by 140.7 percentage points (-30.1% for CHKP against +110.6% for SRZN). Risk is not evenly split, since SRZN carries 3.0 times the volatility of the other side.
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.
CHKP vs SRZN: side by side
| CHKP (Check Point Software Technologies Ltd.) | SRZN (Surrozen, Inc.) | |
|---|---|---|
| 1-year return | -30.1% | +110.6% |
| 5-year return | +5.2% | -80.6% |
| Volatility (ann.) | 29.0% | 85.6% |
| Beta vs S&P 500 | 0.41 | 0.14 |
| Max drawdown (3Y) | -51.8% | -61.8% |
| Market cap | $13.6B | $0.3B |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHKP | SRZN |
|---|---|---|
| 2022 | +8.2% | -91.0% |
| 2023 | +21.1% | +7.7% |
| 2024 | +22.2% | +52.7% |
| 2025 | -0.6% | +57.5% |
| 2026 | -28.2% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHKP and SRZN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHKP and SRZN?
As of 2026-08-27, the correlation of weekly returns between CHKP and SRZN is -0.24 over 3 years, -0.29 over 1 year and -0.14 over 5 years.
Is SRZN a good diversifier for CHKP?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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: CHKP correlations · SRZN correlations
