SLDP vs TAOX: Correlation
Measured on weekly returns over the past three years, Solid Power, Inc. (SLDP) and Tao Synergies Inc. (TAOX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDP and TAOX?
On 3 years of weekly data the SLDP/TAOX correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.38). The 5-year figure is 0.34, and annualized covariance runs at 3095.0 %².
By 3-year correlation, TAOX places #16 of the 23 assets tracked against SLDP. Over the last 12 months TAOX came out ahead by 8.2 percentage points (-46.4% against -38.2%).
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.
SLDP vs TAOX: side by side
| SLDP (Solid Power, Inc.) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | -46.4% | -38.2% |
| 5-year return | -76.1% | -97.5% |
| Volatility (ann.) | 87.4% | 92.9% |
| Beta vs S&P 500 | 1.88 | 1.78 |
| Max drawdown (3Y) | -76.5% | -84.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDP | TAOX |
|---|---|---|
| 2022 | -70.9% | -86.4% |
| 2023 | -42.9% | -76.6% |
| 2024 | +30.3% | -49.0% |
| 2025 | +124.9% | +6.1% |
| 2026 | -44.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDP and TAOX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLDP and TAOX?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.26 over the last year and 0.34 over 5 years.
Is TAOX a good diversifier for SLDP?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/sldp-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sldp-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLDP correlations · TAOX correlations
