PM vs ZOOZ: Correlation
Philip Morris International (PM) and ZOOZ Strategy Ltd. (ZOOZ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and ZOOZ?
Over the past 3 years, PM and ZOOZ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1008.0 %².
By 3-year correlation, ZOOZ places #42 of the 47 assets tracked against PM. Correlation aside, the last 12 months split them widely, with PM ahead by 99.1 points (+20.2% versus -78.9%). Note the risk asymmetry: ZOOZ runs 6.4 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.
PM vs ZOOZ: side by side
| PM (Philip Morris International) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | +20.2% | -78.9% |
| 5-year return | +133.5% | n/a |
| Volatility (ann.) | 23.1% | 147.3% |
| Beta vs S&P 500 | -0.01 | 1.83 |
| Max drawdown (3Y) | -20.6% | -93.9% |
| Market cap | $296.9B | $0.1B |
| P/E (trailing) | 26.7 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | PM | ZOOZ |
|---|---|---|
| 2022 | +12.3% | – |
| 2023 | -1.9% | – |
| 2024 | +34.3% | – |
| 2025 | +38.0% | -82.1% |
| 2026 | +20.8% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and ZOOZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between PM and ZOOZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is ZOOZ a good diversifier for PM?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/pm-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pm-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PM correlations · ZOOZ correlations
