GIBO vs ZOOZ: Correlation
How closely do GIBO Holdings Limited - Class A (GIBO) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and ZOOZ?
On 3 years of weekly data the GIBO/ZOOZ correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.42). The 5-year figure is n/a, and annualized covariance runs at 8006.4 %².
In GIBO's tracked universe of 33 assets, ZOOZ sits right near the top at #2. Correlation aside, the last 12 months split them widely, with GIBO ahead by 16.5 points (-62.4% versus -78.9%).
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.
GIBO vs ZOOZ: side by side
| GIBO (GIBO Holdings Limited - Class A) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -62.4% | -78.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 116.5% | 147.3% |
| Beta vs S&P 500 | -0.40 | 1.83 |
| Max drawdown (3Y) | -100.0% | -93.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | ZOOZ |
|---|---|---|
| 2024 | +7.8% | – |
| 2025 | -99.9% | -82.1% |
| 2026 | -38.3% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and ZOOZ good diversifiers for each other?
Reasonably. At 0.42, GIBO and ZOOZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIBO and ZOOZ?
As of 2026-08-27, the correlation of weekly returns between GIBO and ZOOZ is 0.42 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is ZOOZ a good diversifier for GIBO?
Reasonably. At 0.42, GIBO and ZOOZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gibo-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gibo-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIBO correlations · ZOOZ correlations
