CORZ vs IREN: Correlation
Core Scientific, Inc. (CORZ) and IREN Limited (IREN) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and IREN?
Across a 3-year window, the weekly returns of CORZ and IREN correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 6193.9 %².
In CORZ's tracked universe of 19 assets, IREN sits right near the top at #1. Correlation aside, the last 12 months split them widely, with IREN ahead by 57.2 points (+24.1% versus +81.3%).
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.
CORZ vs IREN: side by side
| CORZ (Core Scientific, Inc.) | IREN (IREN Limited) | |
|---|---|---|
| 1-year return | +24.1% | +81.3% |
| 5-year return | n/a | +65.8% |
| Volatility (ann.) | 89.6% | 109.0% |
| Beta vs S&P 500 | 2.71 | 2.80 |
| Max drawdown (3Y) | -64.9% | -65.6% |
| Market cap | $5.7B | $14.5B |
| P/E (trailing) | – | 51.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORZ | IREN |
|---|---|---|
| 2022 | – | -92.3% |
| 2023 | – | +472.0% |
| 2024 | – | +37.3% |
| 2025 | +3.6% | +284.6% |
| 2026 | +21.0% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORZ and IREN good diversifiers for each other?
Only partially. A correlation of 0.66 means CORZ and IREN 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 CORZ and IREN?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.76 over the last year and n/a over 5 years.
Is IREN a good diversifier for CORZ?
Only partially. A correlation of 0.66 means CORZ and IREN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/corz-vs-iren.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/corz-vs-iren/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CORZ correlations · IREN correlations
