EZRA vs TMC: Correlation
Reliance Global Group, Inc. (EZRA) and TMC the metals company Inc. (TMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZRA and TMC?
Across a 3-year window, the weekly returns of EZRA and TMC correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 5798.1 %².
TMC is one of the assets that tracks EZRA most closely: it ranks #3 out of the 12 assets we track against EZRA. The last year tells two different stories: TMC led by 88.2 percentage points, -92.3% for EZRA against -4.1% for TMC. Note the risk asymmetry: EZRA runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TMC: side by side
| EZRA (Reliance Global Group, Inc.) | TMC (TMC the metals company Inc.) | |
|---|---|---|
| 1-year return | -92.3% | -4.1% |
| 5-year return | -100.0% | -45.9% |
| Volatility (ann.) | 149.2% | 94.3% |
| Beta vs S&P 500 | 1.32 | 1.21 |
| Max drawdown (3Y) | -99.9% | -67.7% |
| Market cap | – | $2.9B |
| P/E (trailing) | 0.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZRA | TMC |
|---|---|---|
| 2022 | -91.2% | -63.0% |
| 2023 | -93.7% | +42.9% |
| 2024 | -71.7% | +1.8% |
| 2025 | -79.6% | +450.9% |
| 2026 | -86.0% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZRA and TMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EZRA and TMC?
As of 2026-08-27, the correlation of weekly returns between EZRA and TMC is 0.41 over 3 years, 0.42 over 1 year and 0.26 over 5 years.
Is TMC a good diversifier for EZRA?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/ezra-vs-tmc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ezra-vs-tmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EZRA correlations · TMC correlations
