PRZO vs WLY: Correlation
Measured on weekly returns over the past three years, ParaZero Technologies Ltd. (PRZO) and John Wiley & Sons, Inc. (WLY) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRZO and WLY?
On 3 years of weekly data the PRZO/WLY correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.03) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -1304.3 %².
Among the 17 assets we track against PRZO, WLY sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months WLY outperformed by 80.5 percentage points (-42.3% for PRZO against +38.2% for WLY). Risk is not evenly split, since PRZO carries 5.1 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.
PRZO vs WLY: side by side
| PRZO (ParaZero Technologies Ltd.) | WLY (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | -42.3% | +38.2% |
| 5-year return | n/a | +10.0% |
| Volatility (ann.) | 172.1% | 33.8% |
| Beta vs S&P 500 | 1.95 | 0.50 |
| Max drawdown (3Y) | -88.0% | -43.3% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRZO | WLY |
|---|---|---|
| 2022 | – | -27.8% |
| 2023 | – | -17.5% |
| 2024 | +185.5% | +42.2% |
| 2025 | -59.9% | -27.2% |
| 2026 | -4.5% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRZO and WLY good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PRZO and WLY?
As of 2026-08-27, the correlation of weekly returns between PRZO and WLY is -0.22 over 3 years, 0.03 over 1 year and n/a over 5 years.
Is WLY a good diversifier for PRZO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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: PRZO correlations · WLY correlations
