TKR vs ZGN: Correlation
Timken Company (The) (TKR) and Ermenegildo Zegna N.V. (ZGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKR and ZGN?
Over the past 3 years, TKR and ZGN moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 619.7 %².
By 3-year correlation, ZGN places #18 of the 32 assets tracked against TKR. On 12-month performance ZGN holds a 6.3-point edge, +59.8% against +66.1%. Note the risk asymmetry: ZGN runs 1.6 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.
TKR vs ZGN: side by side
| TKR (Timken Company (The)) | ZGN (Ermenegildo Zegna N.V.) | |
|---|---|---|
| 1-year return | +59.8% | +66.1% |
| 5-year return | +80.3% | +34.1% |
| Volatility (ann.) | 27.4% | 43.6% |
| Beta vs S&P 500 | 0.98 | 1.27 |
| Max drawdown (3Y) | -37.6% | -59.0% |
| Market cap | $8.6B | $3.7B |
| P/E (trailing) | 33.7 | 31.0 |
| Dividend yield | 1.12% | 0.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKR | ZGN |
|---|---|---|
| 2022 | +3.9% | +0.8% |
| 2023 | +15.4% | +11.5% |
| 2024 | -9.5% | -27.8% |
| 2025 | +20.0% | +26.0% |
| 2026 | +49.4% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKR and ZGN good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between TKR and ZGN?
The TKR/ZGN correlation stands at 0.52 on a 3-year window (1 year: 0.53, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is ZGN a good diversifier for TKR?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/tkr-vs-zgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tkr-vs-zgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TKR correlations · ZGN correlations
