EE vs ZOOZ: Correlation
How closely do Excelerate Energy, Inc. (EE) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and ZOOZ?
On 3 years of weekly data the EE/ZOOZ correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -1287.0 %².
Among the 10 assets we track against EE, ZOOZ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with EE ahead by 142.6 points (+63.7% versus -78.9%). One caveat on sizing: ZOOZ is 4.0 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.
EE vs ZOOZ: side by side
| EE (Excelerate Energy, Inc.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | +63.7% | -78.9% |
| 5-year return | +52.1% | n/a |
| Volatility (ann.) | 36.5% | 147.3% |
| Beta vs S&P 500 | 0.47 | 1.83 |
| Max drawdown (3Y) | -29.1% | -93.9% |
| Market cap | $4.5B | $0.1B |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EE | ZOOZ |
|---|---|---|
| 2023 | -38.0% | – |
| 2024 | +96.9% | – |
| 2025 | -6.3% | -82.1% |
| 2026 | +42.2% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and ZOOZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EE and ZOOZ?
As of 2026-08-27, the correlation of weekly returns between EE and ZOOZ is -0.24 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is ZOOZ a good diversifier for EE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/ee-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ee-vs-zooz/)
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Related comparisons
Hubs: EE correlations · ZOOZ correlations
