GIFT vs TGEN: Correlation
How closely do Giftify, Inc. (GIFT) and Tecogen Inc. (TGEN) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIFT and TGEN?
Across a 3-year window, the weekly returns of GIFT and TGEN correlate at 0.27, weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.27). Stretching to 5 years gives 0.13, with an annualized covariance of 1994.8 %².
Within GIFT's tracked universe of 19 assets, TGEN comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GIFT ahead by 39.8 points (-20.0% versus -59.8%). One caveat on sizing: TGEN is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIFT vs TGEN: side by side
| GIFT (Giftify, Inc.) | TGEN (Tecogen Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -59.8% |
| 5-year return | -65.3% | +76.1% |
| Volatility (ann.) | 70.2% | 106.2% |
| Beta vs S&P 500 | 0.42 | 1.92 |
| Max drawdown (3Y) | -83.5% | -83.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIFT | TGEN |
|---|---|---|
| 2022 | +135.8% | +4.2% |
| 2023 | +182.7% | -35.2% |
| 2024 | -72.7% | +80.9% |
| 2025 | +0.9% | +237.2% |
| 2026 | -25.8% | -35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIFT and TGEN good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIFT and TGEN?
The GIFT/TGEN correlation stands at 0.27 on a 3-year window (1 year: 0.41, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is TGEN a good diversifier for GIFT?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/gift-vs-tgen.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gift-vs-tgen/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIFT correlations · TGEN correlations
