HRB vs TYGO: Correlation
Measured on weekly returns over the past three years, H&R Block, Inc. (HRB) and Tigo Energy, Inc. (TYGO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRB and TYGO?
On 3 years of weekly data the HRB/TYGO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -746.5 %².
Among the 13 assets we track against HRB, TYGO sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months HRB outperformed by 26.0 percentage points (+7.6% for HRB against -18.4% for TYGO). One caveat on sizing: TYGO is 3.1 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.
HRB vs TYGO: side by side
| HRB (H&R Block, Inc.) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | +7.6% | -18.4% |
| 5-year return | +141.8% | -88.7% |
| Volatility (ann.) | 32.8% | 100.4% |
| Beta vs S&P 500 | 0.31 | 0.62 |
| Max drawdown (3Y) | -55.5% | -94.1% |
| Market cap | $6.5B | $0.1B |
| P/E (trailing) | 9.3 | 6.9 |
| Dividend yield | 3.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRB | TYGO |
|---|---|---|
| 2022 | +59.9% | +3.0% |
| 2023 | +36.9% | -79.5% |
| 2024 | +12.0% | -52.9% |
| 2025 | -14.9% | +40.1% |
| 2026 | +23.5% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRB and TYGO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HRB and TYGO?
As of 2026-08-27, the correlation of weekly returns between HRB and TYGO is -0.23 over 3 years, -0.28 over 1 year and -0.16 over 5 years.
Is TYGO a good diversifier for HRB?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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: HRB correlations · TYGO correlations
