INOD vs SEZL: Correlation
How closely do Innodata Inc. (INOD) and Sezzle Inc. (SEZL) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INOD and SEZL?
Across a 3-year window, the weekly returns of INOD and SEZL correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 8045.4 %².
Among the 14 assets we track against INOD, SEZL ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INOD ahead by 15.9 points (+51.6% versus +35.7%).
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.
INOD vs SEZL: side by side
| INOD (Innodata Inc.) | SEZL (Sezzle Inc.) | |
|---|---|---|
| 1-year return | +51.6% | +35.7% |
| 5-year return | +620.6% | n/a |
| Volatility (ann.) | 122.9% | 139.3% |
| Beta vs S&P 500 | 3.71 | 3.39 |
| Max drawdown (3Y) | -63.0% | -90.0% |
| Market cap | $2.0B | $4.2B |
| P/E (trailing) | 43.2 | 27.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INOD | SEZL |
|---|---|---|
| 2022 | -49.8% | – |
| 2023 | +174.1% | – |
| 2024 | +385.5% | +1146.6% |
| 2025 | +28.9% | +48.9% |
| 2026 | +16.3% | +98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INOD and SEZL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INOD and SEZL?
The INOD/SEZL correlation stands at 0.47 on a 3-year window (1 year: 0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEZL a good diversifier for INOD?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INOD correlations · SEZL correlations
