IPW vs TZOO: Correlation
Measured on weekly returns over the past three years, iPower Inc. (IPW) and Travelzoo (TZOO) 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 IPW and TZOO?
Over the past 3 years, IPW and TZOO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.23). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -5847.9 %².
Among the 37 assets we track against IPW, TZOO ranks #25 by 3-year correlation. The last year tells two different stories: TZOO led by 66.8 percentage points, -98.6% for IPW against -31.8% for TZOO. One caveat on sizing: IPW is 6.5 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.
IPW vs TZOO: side by side
| IPW (iPower Inc.) | TZOO (Travelzoo) | |
|---|---|---|
| 1-year return | -98.6% | -31.8% |
| 5-year return | -99.8% | -45.0% |
| Volatility (ann.) | 405.9% | 62.1% |
| Beta vs S&P 500 | 2.99 | 0.99 |
| Max drawdown (3Y) | -100.0% | -78.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 111.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | TZOO |
|---|---|---|
| 2022 | -83.2% | -52.8% |
| 2023 | +12.5% | +114.2% |
| 2024 | +85.1% | +109.3% |
| 2025 | -70.1% | -64.3% |
| 2026 | -96.8% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and TZOO good diversifiers for each other?
Yes. With a correlation of -0.23, IPW and TZOO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IPW and TZOO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.41 over the last year and -0.16 over 5 years.
Is TZOO a good diversifier for IPW?
Yes. With a correlation of -0.23, IPW and TZOO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipw-vs-tzoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipw-vs-tzoo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPW correlations · TZOO correlations
