HOOD vs XYZ: Correlation
Robinhood Markets (HOOD) and Block, Inc. (XYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and XYZ?
Over the past 3 years, HOOD and XYZ moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1795.3 %².
By 3-year correlation, XYZ places #19 of the 39 assets tracked against HOOD. Neither side won the trailing year by much: +6.6% against +6.9%. On a rolling one-year basis the correlation drifted between 0.31 and 0.67, a moderate band.
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.
HOOD vs XYZ: side by side
| HOOD (Robinhood Markets) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +6.6% | +6.9% |
| 5-year return | +151.5% | -68.8% |
| Volatility (ann.) | 71.4% | 50.2% |
| Beta vs S&P 500 | 2.88 | 1.80 |
| Max drawdown (3Y) | -57.3% | -53.0% |
| Market cap | $98.7B | $51.0B |
| P/E (trailing) | 48.1 | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HOOD | XYZ |
|---|---|---|
| 2022 | -54.2% | -61.1% |
| 2023 | +56.5% | +23.1% |
| 2024 | +192.5% | +9.9% |
| 2025 | +203.5% | -23.4% |
| 2026 | -3.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and XYZ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOOD and XYZ?
The HOOD/XYZ correlation stands at 0.50 on a 3-year window (1 year: 0.51, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is XYZ a good diversifier for HOOD?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/hood-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hood-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOOD correlations · XYZ correlations
