CRDO vs TGEN: Correlation
Credo Technology Group Holding Ltd (CRDO) and Tecogen Inc. (TGEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and TGEN?
On 3 years of weekly data the CRDO/TGEN correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 3908.3 %².
Among the 20 assets we track against CRDO, TGEN ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRDO ahead by 155.5 points (+95.7% versus -59.8%).
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.
CRDO vs TGEN: side by side
| CRDO (Credo Technology Group Holding Ltd) | TGEN (Tecogen Inc.) | |
|---|---|---|
| 1-year return | +95.7% | -59.8% |
| 5-year return | +1962.1% | +76.1% |
| Volatility (ann.) | 84.8% | 106.2% |
| Beta vs S&P 500 | 3.44 | 1.92 |
| Max drawdown (3Y) | -61.1% | -83.4% |
| Market cap | $45.1B | $0.1B |
| P/E (trailing) | 90.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDO | TGEN |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | +46.3% | -35.2% |
| 2024 | +245.2% | +80.9% |
| 2025 | +114.1% | +237.2% |
| 2026 | +67.0% | -35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and TGEN good diversifiers for each other?
Reasonably. At 0.43, CRDO and TGEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRDO and TGEN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.40 over the last year and 0.41 over 5 years.
Is TGEN a good diversifier for CRDO?
Reasonably. At 0.43, CRDO and TGEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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
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Related comparisons
Hubs: CRDO correlations · TGEN correlations
