IZEA vs TMQ: Correlation
Measured on weekly returns over the past three years, IZEA Worldwide, Inc. (IZEA) and Trilogy Metals Inc. (TMQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IZEA and TMQ?
On 3 years of weekly data the IZEA/TMQ correlation comes out at 0.33, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.33). The 5-year figure is 0.27, and annualized covariance runs at 2181.2 %².
By 3-year correlation, TMQ places #4 of the 10 assets tracked against IZEA. The last year tells two different stories: TMQ led by 151.9 percentage points, -25.6% for IZEA against +126.3% for TMQ. One caveat on sizing: TMQ is 2.6 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.
IZEA vs TMQ: side by side
| IZEA (IZEA Worldwide, Inc.) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | -25.6% | +126.3% |
| 5-year return | -66.3% | +85.3% |
| Volatility (ann.) | 49.7% | 131.6% |
| Beta vs S&P 500 | 0.93 | 0.28 |
| Max drawdown (3Y) | -50.0% | -72.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IZEA | TMQ |
|---|---|---|
| 2022 | -59.5% | -66.7% |
| 2023 | -7.5% | -21.8% |
| 2024 | +36.8% | +169.8% |
| 2025 | +59.3% | +271.6% |
| 2026 | -29.0% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IZEA and TMQ good diversifiers for each other?
Reasonably. At 0.33, IZEA and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IZEA and TMQ?
As of 2026-08-27, the correlation of weekly returns between IZEA and TMQ is 0.33 over 3 years, 0.60 over 1 year and 0.27 over 5 years.
Is TMQ a good diversifier for IZEA?
Reasonably. At 0.33, IZEA and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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: IZEA correlations · TMQ correlations