TPR vs ZGN: Correlation
Measured on weekly returns over the past three years, Tapestry, Inc. (TPR) and Ermenegildo Zegna N.V. (ZGN) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPR and ZGN?
Across a 3-year window, the weekly returns of TPR and ZGN correlate at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.53). Stretching to 5 years gives 0.45, with an annualized covariance of 878.0 %².
Within TPR's tracked universe of 36 assets, ZGN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZGN outperformed by 42.5 percentage points (+23.6% for TPR against +66.1% for ZGN).
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.
TPR vs ZGN: side by side
| TPR (Tapestry, Inc.) | ZGN (Ermenegildo Zegna N.V.) | |
|---|---|---|
| 1-year return | +23.6% | +66.1% |
| 5-year return | +240.1% | +34.1% |
| Volatility (ann.) | 37.8% | 43.6% |
| Beta vs S&P 500 | 1.05 | 1.27 |
| Max drawdown (3Y) | -31.8% | -59.0% |
| Market cap | $24.6B | $3.7B |
| P/E (trailing) | 17.9 | 31.0 |
| Dividend yield | 1.23% | 0.87% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TPR | ZGN |
|---|---|---|
| 2022 | -3.3% | +0.8% |
| 2023 | +0.2% | +11.5% |
| 2024 | +82.8% | -27.8% |
| 2025 | +98.7% | +26.0% |
| 2026 | -3.0% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPR and ZGN good diversifiers for each other?
Only partially. A correlation of 0.53 means TPR and ZGN 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 TPR and ZGN?
The TPR/ZGN correlation stands at 0.53 on a 3-year window (1 year: 0.68, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is ZGN a good diversifier for TPR?
Only partially. A correlation of 0.53 means TPR and ZGN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/tpr-vs-zgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tpr-vs-zgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TPR correlations · ZGN correlations
