CORZ vs TSM: Correlation
Core Scientific, Inc. (CORZ) and Taiwan Semiconductor Manufacturing Company Ltd. (TSM) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and TSM?
Over the past 3 years, CORZ and TSM moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.54 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1739.6 %².
By 3-year correlation, TSM places #5 of the 19 assets tracked against CORZ. Correlation aside, the last 12 months split them widely, with TSM ahead by 56.4 points (+24.1% versus +80.5%). One caveat on sizing: CORZ is 2.6 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.
CORZ vs TSM: side by side
| CORZ (Core Scientific, Inc.) | TSM (Taiwan Semiconductor Manufacturing Company Ltd.) | |
|---|---|---|
| 1-year return | +24.1% | +80.5% |
| 5-year return | n/a | +289.6% |
| Volatility (ann.) | 89.6% | 34.9% |
| Beta vs S&P 500 | 2.71 | 1.59 |
| Max drawdown (3Y) | -64.9% | -36.8% |
| Market cap | $5.7B | $2,216.2B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 0.00% | 6.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORZ | TSM |
|---|---|---|
| 2022 | – | -36.7% |
| 2023 | – | +42.3% |
| 2024 | – | +92.6% |
| 2025 | +3.6% | +55.9% |
| 2026 | +21.0% | +41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORZ and TSM good diversifiers for each other?
To a limited degree. At 0.54 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 CORZ and TSM?
The CORZ/TSM correlation stands at 0.54 on a 3-year window (1 year: 0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TSM a good diversifier for CORZ?
To a limited degree. At 0.54 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 0.54 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/corz-vs-tsm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/corz-vs-tsm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CORZ correlations · TSM correlations
