EQT vs ZOOZ: Correlation
EQT Corporation (EQT) and ZOOZ Strategy Ltd. (ZOOZ) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and ZOOZ?
On 3 years of weekly data the EQT/ZOOZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.22 over 3. The 5-year figure is n/a, and annualized covariance runs at -1094.1 %².
Within EQT's tracked universe of 31 assets, ZOOZ comes in at #26 by 3-year correlation. The last year tells two different stories: EQT led by 86.8 percentage points, +7.9% for EQT against -78.9% for ZOOZ. Risk is not evenly split, since ZOOZ carries 4.3 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.
EQT vs ZOOZ: side by side
| EQT (EQT Corporation) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | +7.9% | -78.9% |
| 5-year return | +224.8% | n/a |
| Volatility (ann.) | 34.1% | 147.3% |
| Beta vs S&P 500 | 0.52 | 1.83 |
| Max drawdown (3Y) | -31.6% | -93.9% |
| Market cap | $34.3B | $0.1B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | ZOOZ |
|---|---|---|
| 2022 | +57.6% | – |
| 2023 | +16.2% | – |
| 2024 | +21.4% | – |
| 2025 | +17.6% | -82.1% |
| 2026 | +3.1% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and ZOOZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQT and ZOOZ?
The EQT/ZOOZ correlation stands at -0.22 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZOOZ a good diversifier for EQT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/eqt-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqt-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQT correlations · ZOOZ correlations
