IZM vs RENT: Correlation
Measured on weekly returns over the past three years, ICZOOM Group Inc. - Class A (IZM) and Rent the Runway, Inc. (RENT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IZM and RENT?
Across a 3-year window, the weekly returns of IZM and RENT correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.40 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 13648.6 %².
Few assets follow IZM as closely as RENT, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with RENT ahead by 54.4 points (-90.2% versus -35.8%).
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.
IZM vs RENT: side by side
| IZM (ICZOOM Group Inc. - Class A) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | -90.2% | -35.8% |
| 5-year return | n/a | -99.1% |
| Volatility (ann.) | 159.2% | 212.1% |
| Beta vs S&P 500 | -0.15 | 2.17 |
| Max drawdown (3Y) | -99.5% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 2.5 | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IZM | RENT |
|---|---|---|
| 2022 | – | -62.6% |
| 2023 | – | -82.7% |
| 2024 | -83.8% | -19.5% |
| 2025 | +50.3% | -6.9% |
| 2026 | -90.2% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IZM and RENT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IZM and RENT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.11 over the last year and n/a over 5 years.
Is RENT a good diversifier for IZM?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/izm-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/izm-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IZM correlations · RENT correlations
