GAUZ vs TUSK: Correlation
Measured on weekly returns over the past three years, Gauzy Ltd. (GAUZ) and Mammoth Energy Services, Inc. (TUSK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAUZ and TUSK?
Over the past 3 years, GAUZ and TUSK moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.42). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3322.6 %².
In GAUZ's tracked universe of 10 assets, TUSK sits right near the top at #2. The last year tells two different stories: TUSK led by 126.7 percentage points, -91.5% for GAUZ against +35.2% for TUSK. Note the risk asymmetry: GAUZ runs 1.9 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.
GAUZ vs TUSK: side by side
| GAUZ (Gauzy Ltd.) | TUSK (Mammoth Energy Services, Inc.) | |
|---|---|---|
| 1-year return | -91.5% | +35.2% |
| 5-year return | n/a | -7.4% |
| Volatility (ann.) | 118.3% | 61.8% |
| Beta vs S&P 500 | 1.25 | 0.49 |
| Max drawdown (3Y) | -98.5% | -66.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAUZ | TUSK |
|---|---|---|
| 2022 | – | +375.3% |
| 2023 | – | -48.4% |
| 2024 | – | -32.7% |
| 2025 | -87.0% | -38.3% |
| 2026 | -65.0% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAUZ and TUSK good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GAUZ and TUSK?
As of 2026-08-27, the correlation of weekly returns between GAUZ and TUSK is 0.42 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is TUSK a good diversifier for GAUZ?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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: GAUZ correlations · TUSK correlations
