EZGO vs XYL: Correlation
EZGO Technologies Ltd. (EZGO) and Xylem Inc. (XYL) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZGO and XYL?
Across a 3-year window, the weekly returns of EZGO and XYL correlate at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.33 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 931.4 %².
Among the 12 assets we track against EZGO, XYL ranks #4 by 3-year correlation. The last year tells two different stories: XYL led by 78.8 percentage points, -99.9% for EZGO against -21.1% for XYL. Risk is not evenly split, since EZGO carries 5.0 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.
EZGO vs XYL: side by side
| EZGO (EZGO Technologies Ltd.) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -21.1% |
| 5-year return | -100.0% | -12.5% |
| Volatility (ann.) | 118.7% | 23.9% |
| Beta vs S&P 500 | 1.16 | 0.96 |
| Max drawdown (3Y) | -100.0% | -30.0% |
| Market cap | – | $26.3B |
| P/E (trailing) | – | 26.8 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EZGO | XYL |
|---|---|---|
| 2022 | -55.2% | -6.6% |
| 2023 | -82.8% | +4.8% |
| 2024 | -82.2% | +2.6% |
| 2025 | -90.3% | +18.8% |
| 2026 | -99.7% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZGO and XYL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EZGO and XYL?
As of 2026-08-27, the correlation of weekly returns between EZGO and XYL is 0.33 over 3 years, 0.15 over 1 year and 0.24 over 5 years.
Is XYL a good diversifier for EZGO?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/ezgo-vs-xyl.json
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[](https://www.pairbook.io/pair/ezgo-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EZGO correlations · XYL correlations
