IZM vs VIVO: Correlation
How closely do ICZOOM Group Inc. - Class A (IZM) and VivoPower PLC - Class A (VIVO) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IZM and VIVO?
Across a 3-year window, the weekly returns of IZM and VIVO correlate at 0.34, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.34). Stretching to 5 years gives n/a, with an annualized covariance of 13737.2 %².
By 3-year correlation, VIVO places #5 of the 10 assets tracked against IZM. The last year tells two different stories: VIVO led by 66.4 percentage points, -90.2% for IZM against -23.8% for VIVO. Note the risk asymmetry: VIVO runs 1.6 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 VIVO: side by side
| IZM (ICZOOM Group Inc. - Class A) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -90.2% | -23.8% |
| 5-year return | n/a | -92.6% |
| Volatility (ann.) | 159.2% | 256.4% |
| Beta vs S&P 500 | -0.15 | 0.31 |
| Max drawdown (3Y) | -99.5% | -89.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IZM | VIVO |
|---|---|---|
| 2022 | – | -91.9% |
| 2023 | – | -21.5% |
| 2024 | -83.8% | -31.1% |
| 2025 | +50.3% | +70.3% |
| 2026 | -90.2% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IZM and VIVO good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IZM and VIVO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.03 over the last year and n/a over 5 years.
Is VIVO a good diversifier for IZM?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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
$ curl https://www.pairbook.io/api/v1/pairs/izm-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/izm-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IZM correlations · VIVO correlations
