CRDO vs TSN: Correlation
How closely do Credo Technology Group Holding Ltd (CRDO) and Tyson Foods (TSN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and TSN?
Over the past 3 years, CRDO and TSN moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -384.1 %².
Among the 20 assets we track against CRDO, TSN ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRDO outperformed by 96.0 percentage points (+95.7% for CRDO against -0.3% for TSN). Risk is not evenly split, since CRDO carries 3.7 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.
CRDO vs TSN: side by side
| CRDO (Credo Technology Group Holding Ltd) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +95.7% | -0.3% |
| 5-year return | +1962.1% | -17.3% |
| Volatility (ann.) | 84.8% | 22.8% |
| Beta vs S&P 500 | 3.44 | 0.19 |
| Max drawdown (3Y) | -61.1% | -20.3% |
| Market cap | $45.1B | $19.5B |
| P/E (trailing) | 90.0 | 35.0 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CRDO | TSN |
|---|---|---|
| 2022 | – | -26.9% |
| 2023 | +46.3% | -10.4% |
| 2024 | +245.2% | +10.5% |
| 2025 | +114.1% | +5.7% |
| 2026 | +67.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and TSN good diversifiers for each other?
Yes. With a correlation of -0.20, CRDO and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRDO and TSN?
The CRDO/TSN correlation stands at -0.20 on a 3-year window (1 year: -0.14, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is TSN a good diversifier for CRDO?
Yes. With a correlation of -0.20, CRDO and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crdo-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crdo-vs-tsn/)
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Related comparisons
Hubs: CRDO correlations · TSN correlations
