CORZ vs WULF: Correlation
Core Scientific, Inc. (CORZ) and TeraWulf Inc. (WULF) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and WULF?
On 3 years of weekly data the CORZ/WULF correlation comes out at 0.61, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.61). The 5-year figure is n/a, and annualized covariance runs at 5773.9 %².
In CORZ's tracked universe of 19 assets, WULF sits right near the top at #2. The last year tells two different stories: WULF led by 56.5 percentage points, +24.1% for CORZ against +80.6% for WULF.
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 WULF: side by side
| CORZ (Core Scientific, Inc.) | WULF (TeraWulf Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +80.6% |
| 5-year return | n/a | -32.7% |
| Volatility (ann.) | 89.6% | 105.8% |
| Beta vs S&P 500 | 2.71 | 2.76 |
| Max drawdown (3Y) | -64.9% | -74.6% |
| Market cap | $5.7B | $8.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORZ | WULF |
|---|---|---|
| 2022 | – | -95.5% |
| 2023 | – | +258.2% |
| 2024 | – | +135.8% |
| 2025 | +3.6% | +103.0% |
| 2026 | +21.0% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORZ and WULF good diversifiers for each other?
Only partially. A correlation of 0.61 means CORZ and WULF 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 WULF?
The CORZ/WULF correlation stands at 0.61 on a 3-year window (1 year: 0.79, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WULF a good diversifier for CORZ?
Only partially. A correlation of 0.61 means CORZ and WULF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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: CORZ correlations · WULF correlations
