DMRC vs ZIP: Correlation
How closely do Digimarc Corporation (DMRC) and ZipRecruiter, Inc. (ZIP) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and ZIP?
Across a 3-year window, the weekly returns of DMRC and ZIP correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 2700.6 %².
Among the 16 assets we track against DMRC, ZIP ranks #7 by 3-year correlation. Over the last 12 months ZIP came out ahead by 11.1 percentage points (-26.1% against -15.0%).
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.
DMRC vs ZIP: side by side
| DMRC (Digimarc Corporation) | ZIP (ZipRecruiter, Inc.) | |
|---|---|---|
| 1-year return | -26.1% | -15.0% |
| 5-year return | -77.7% | -82.4% |
| Volatility (ann.) | 76.3% | 76.2% |
| Beta vs S&P 500 | 2.38 | 1.99 |
| Max drawdown (3Y) | -90.8% | -89.7% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRC | ZIP |
|---|---|---|
| 2022 | -53.2% | -34.2% |
| 2023 | +95.3% | -15.3% |
| 2024 | +3.7% | -47.9% |
| 2025 | -82.5% | -46.1% |
| 2026 | -4.9% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and ZIP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMRC and ZIP?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.50 over the last year and 0.41 over 5 years.
Is ZIP a good diversifier for DMRC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/dmrc-vs-zip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmrc-vs-zip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMRC correlations · ZIP correlations
