LNZA vs TLYS: Correlation
How closely do LanzaTech Global, Inc. (LNZA) and Tilly's, Inc. (TLYS) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNZA and TLYS?
On 3 years of weekly data the LNZA/TLYS correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 5675.6 %².
TLYS is one of the assets that tracks LNZA most closely: it ranks #2 out of the 10 assets we track against LNZA. Their recent paths diverged sharply: over the last 12 months TLYS outperformed by 177.4 percentage points (-72.1% for LNZA against +105.3% for TLYS). Risk is not evenly split, since LNZA carries 1.5 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.
LNZA vs TLYS: side by side
| LNZA (LanzaTech Global, Inc.) | TLYS (Tilly's, Inc.) | |
|---|---|---|
| 1-year return | -72.1% | +105.3% |
| 5-year return | -99.4% | -74.2% |
| Volatility (ann.) | 146.7% | 96.5% |
| Beta vs S&P 500 | 1.84 | 0.68 |
| Max drawdown (3Y) | -99.4% | -92.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 0.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNZA | TLYS |
|---|---|---|
| 2022 | +3.3% | -43.8% |
| 2023 | -49.6% | -16.7% |
| 2024 | -72.8% | -43.6% |
| 2025 | -90.0% | -53.2% |
| 2026 | -54.8% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNZA and TLYS good diversifiers for each other?
Reasonably. At 0.40, LNZA and TLYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LNZA and TLYS?
The LNZA/TLYS correlation stands at 0.40 on a 3-year window (1 year: 0.40, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TLYS a good diversifier for LNZA?
Reasonably. At 0.40, LNZA and TLYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/lnza-vs-tlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnza-vs-tlys/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNZA correlations · TLYS correlations
