EZPW vs IT: Correlation
How closely do EZCORP, Inc. - Class A Non-Voting (EZPW) and Gartner (IT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZPW and IT?
Over the past 3 years, EZPW and IT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -265.7 %².
Out of 10 assets tracked against EZPW, IT lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months EZPW outperformed by 130.0 percentage points (+109.8% for EZPW against -20.2% for IT).
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.
EZPW vs IT: side by side
| EZPW (EZCORP, Inc. - Class A Non-Voting) | IT (Gartner) | |
|---|---|---|
| 1-year return | +109.8% | -20.2% |
| 5-year return | +400.9% | -36.0% |
| Volatility (ann.) | 31.0% | 40.6% |
| Beta vs S&P 500 | 0.26 | 0.92 |
| Max drawdown (3Y) | -24.2% | -77.2% |
| Market cap | $2.1B | $12.4B |
| P/E (trailing) | 17.0 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EZPW | IT |
|---|---|---|
| 2022 | +10.6% | +0.5% |
| 2023 | +7.2% | +34.2% |
| 2024 | +39.8% | +7.4% |
| 2025 | +58.9% | -47.9% |
| 2026 | +77.2% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZPW and IT good diversifiers for each other?
Yes. With a correlation of -0.21, EZPW and IT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EZPW and IT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.30 over the last year and -0.03 over 5 years.
Is IT a good diversifier for EZPW?
Yes. With a correlation of -0.21, EZPW and IT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: EZPW correlations · IT correlations
