KELYB vs TYGO: Correlation
Measured on weekly returns over the past three years, Kelly Services, Inc. (KELYB) and Tigo Energy, Inc. (TYGO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYB and TYGO?
Over the past 3 years, KELYB and TYGO moved with a correlation of 0.38, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.38). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2312.5 %².
By 3-year correlation, TYGO places #5 of the 12 assets tracked against KELYB. Correlation aside, the last 12 months split them widely, with KELYB ahead by 81.2 points (+62.8% versus -18.4%). Risk is not evenly split, since TYGO carries 1.7 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.
KELYB vs TYGO: side by side
| KELYB (Kelly Services, Inc.) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | +62.8% | -18.4% |
| 5-year return | +26.3% | -88.7% |
| Volatility (ann.) | 60.8% | 100.4% |
| Beta vs S&P 500 | 0.40 | 0.62 |
| Max drawdown (3Y) | -66.9% | -94.1% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | 6.9 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYB | TYGO |
|---|---|---|
| 2022 | +3.1% | +3.0% |
| 2023 | +27.5% | -79.5% |
| 2024 | -34.7% | -52.9% |
| 2025 | -35.9% | +40.1% |
| 2026 | +170.6% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYB and TYGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KELYB and TYGO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.52 over the last year and 0.31 over 5 years.
Is TYGO a good diversifier for KELYB?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: KELYB correlations · TYGO correlations
