PEW vs ZOOZ: Correlation
How closely do GrabAGun Digital Holdings Inc. (PEW) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEW and ZOOZ?
Over the past 3 years, PEW and ZOOZ moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2351.7 %².
Among the 24 assets we track against PEW, ZOOZ ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PEW ahead by 21.8 points (-57.1% versus -78.9%). One caveat on sizing: ZOOZ is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PEW vs ZOOZ: side by side
| PEW (GrabAGun Digital Holdings Inc.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -57.1% | -78.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 51.2% | 147.3% |
| Beta vs S&P 500 | 0.44 | 1.83 |
| Max drawdown (3Y) | -86.8% | -93.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are PEW and ZOOZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between PEW and ZOOZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is ZOOZ a good diversifier for PEW?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 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/pew-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pew-vs-zooz/)
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Related comparisons
Hubs: PEW correlations · ZOOZ correlations
