ROKU vs XYZ: Correlation
How closely do Roku, Inc. (ROKU) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROKU and XYZ?
Over the past 3 years, ROKU and XYZ moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1546.1 %².
By 3-year correlation, XYZ places #9 of the 14 assets tracked against ROKU. Correlation aside, the last 12 months split them widely, with ROKU ahead by 55.6 points (+62.5% versus +6.9%).
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.
ROKU vs XYZ: side by side
| ROKU (Roku, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +62.5% | +6.9% |
| 5-year return | -56.1% | -68.8% |
| Volatility (ann.) | 59.9% | 50.2% |
| Beta vs S&P 500 | 2.49 | 1.80 |
| Max drawdown (3Y) | -51.7% | -53.0% |
| Market cap | $23.2B | $51.0B |
| P/E (trailing) | 67.1 | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ROKU | XYZ |
|---|---|---|
| 2022 | -82.2% | -61.1% |
| 2023 | +125.2% | +23.1% |
| 2024 | -18.9% | +9.9% |
| 2025 | +45.9% | -23.4% |
| 2026 | +44.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROKU and XYZ good diversifiers for each other?
Only partially. A correlation of 0.51 means ROKU and XYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ROKU and XYZ?
The ROKU/XYZ correlation stands at 0.51 on a 3-year window (1 year: 0.56, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is XYZ a good diversifier for ROKU?
Only partially. A correlation of 0.51 means ROKU and XYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/roku-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/roku-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROKU correlations · XYZ correlations
