IZM vs TBN: Correlation
Measured on weekly returns over the past three years, ICZOOM Group Inc. - Class A (IZM) and Tamboran Resources Corporation (TBN) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IZM and TBN?
On 3 years of weekly data the IZM/TBN correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 2226.6 %².
Within IZM's tracked universe of 10 assets, TBN comes in at #4 by 3-year correlation. The last year tells two different stories: TBN led by 176.9 percentage points, -90.2% for IZM against +86.7% for TBN. Note the risk asymmetry: IZM runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TBN: side by side
| IZM (ICZOOM Group Inc. - Class A) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -90.2% | +86.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 159.2% | 52.6% |
| Beta vs S&P 500 | -0.15 | -0.08 |
| Max drawdown (3Y) | -99.5% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IZM | TBN |
|---|---|---|
| 2024 | -83.8% | – |
| 2025 | +50.3% | +29.7% |
| 2026 | -90.2% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IZM and TBN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IZM and TBN?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.55 over the last year and n/a over 5 years.
Is TBN a good diversifier for IZM?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/izm-vs-tbn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/izm-vs-tbn/)
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Related comparisons
Hubs: IZM correlations · TBN correlations
