EZRA vs TECX: Correlation
How closely do Reliance Global Group, Inc. (EZRA) and Tectonic Therapeutic, Inc. (TECX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZRA and TECX?
Over the past 3 years, EZRA and TECX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.22 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -20788.4 %².
TECX is close to the least connected end of EZRA's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months TECX outperformed by 130.5 percentage points (-92.3% for EZRA against +38.2% for TECX). Risk is not evenly split, since TECX carries 4.2 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.
EZRA vs TECX: side by side
| EZRA (Reliance Global Group, Inc.) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | -92.3% | +38.2% |
| 5-year return | -100.0% | -52.9% |
| Volatility (ann.) | 149.2% | 628.0% |
| Beta vs S&P 500 | 1.32 | 0.20 |
| Max drawdown (3Y) | -99.9% | -92.8% |
| Market cap | – | $0.7B |
| P/E (trailing) | 0.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZRA | TECX |
|---|---|---|
| 2022 | -91.2% | -81.6% |
| 2023 | -93.7% | +91.5% |
| 2024 | -71.7% | +182.9% |
| 2025 | -79.6% | -54.8% |
| 2026 | -86.0% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZRA and TECX good diversifiers for each other?
Yes. With a correlation of -0.22, EZRA and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EZRA and TECX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.02 over the last year and -0.18 over 5 years.
Is TECX a good diversifier for EZRA?
Yes. With a correlation of -0.22, EZRA and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
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[](https://www.pairbook.io/pair/ezra-vs-tecx/)
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Related comparisons
Hubs: EZRA correlations · TECX correlations
