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IZEA vs SLDP: Correlation

IZEA Worldwide, Inc. (IZEA) and Solid Power, Inc. (SLDP) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.37
moderate
Correlation (1Y)
0.49
last 12 months
Correlation (5Y)
0.35
long-run
Ann. covariance
1595.3
%² · weekly, annualized

How correlated are IZEA and SLDP?

Across a 3-year window, the weekly returns of IZEA and SLDP correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.37 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 1595.3 %².

In IZEA's tracked universe of 10 assets, SLDP sits right near the top at #1. Correlation aside, the last 12 months split them widely, with IZEA ahead by 20.8 points (-25.6% versus -46.4%). Risk is not evenly split, since SLDP carries 1.8 times the volatility of the other side.

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.

IZEA vs SLDP: side by side

IZEA (IZEA Worldwide, Inc.)SLDP (Solid Power, Inc.)
1-year return-25.6%-46.4%
5-year return-66.3%-76.1%
Volatility (ann.)49.7%87.4%
Beta vs S&P 5000.931.88
Max drawdown (3Y)-50.0%-76.5%
Market cap$0.1B$0.5B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: IZEA -50.0% vs -76.5%Higher 5y return: IZEA -66.3% vs -76.1%
-51%0%+64%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. IZEA · SLDP

Year-by-year returns

YearIZEASLDP
2022-59.5%-70.9%
2023-7.5%-42.9%
2024+36.8%+30.3%
2025+59.3%+124.9%
2026-29.0%-44.1%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are IZEA and SLDP good diversifiers for each other?

Reasonably. At 0.37, IZEA and SLDP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between IZEA and SLDP?

Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.49 over the last year and 0.35 over 5 years.

Is SLDP a good diversifier for IZEA?

Reasonably. At 0.37, IZEA and SLDP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.37 mean?

A reading of 0.37 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

JSON API · no key required
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IZEA vs SLDP: 3-year weekly correlation 0.37IZEA vs SLDP0.37

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Related comparisons

Hubs: IZEA correlations · SLDP correlations