ETSY vs XYZ: Correlation
Etsy, Inc. (ETSY) and Block, Inc. (XYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and XYZ?
Over the past 3 years, ETSY and XYZ moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1057.2 %².
Among the 12 assets we track against ETSY, XYZ ranks #5 by 3-year correlation. The last year tells two different stories: ETSY led by 45.5 percentage points, +52.4% for ETSY against +6.9% for XYZ.
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.
ETSY vs XYZ: side by side
| ETSY (Etsy, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +52.4% | +6.9% |
| 5-year return | -61.9% | -68.8% |
| Volatility (ann.) | 46.0% | 50.2% |
| Beta vs S&P 500 | 0.98 | 1.80 |
| Max drawdown (3Y) | -53.1% | -53.0% |
| Market cap | $7.6B | $51.0B |
| P/E (trailing) | 25.8 | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ETSY | XYZ |
|---|---|---|
| 2022 | -45.3% | -61.1% |
| 2023 | -32.3% | +23.1% |
| 2024 | -34.7% | +9.9% |
| 2025 | +4.8% | -23.4% |
| 2026 | +49.6% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and XYZ good diversifiers for each other?
Reasonably. At 0.46, ETSY and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ETSY and XYZ?
As of 2026-08-27, the correlation of weekly returns between ETSY and XYZ is 0.46 over 3 years, 0.61 over 1 year and 0.58 over 5 years.
Is XYZ a good diversifier for ETSY?
Reasonably. At 0.46, ETSY and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio 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/etsy-vs-xyz.json
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Related comparisons
Hubs: ETSY correlations · XYZ correlations
