TROW vs XYZ: Correlation
How closely do T. Rowe Price (TROW) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TROW and XYZ?
Across a 3-year window, the weekly returns of TROW and XYZ correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.46 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 549.5 %².
Within TROW's tracked universe of 46 assets, XYZ comes in at #35 by 3-year correlation. Neither side won the trailing year by much: +8.1% against +6.9%. The rolling one-year correlation moved between 0.24 and 0.71 over the past three years, a moderate range. Note the risk asymmetry: XYZ runs 2.1 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.
TROW vs XYZ: side by side
| TROW (T. Rowe Price) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | +6.9% |
| 5-year return | -37.0% | -68.8% |
| Volatility (ann.) | 23.5% | 50.2% |
| Beta vs S&P 500 | 1.10 | 1.80 |
| Max drawdown (3Y) | -34.0% | -53.0% |
| Market cap | $24.0B | $51.0B |
| P/E (trailing) | 11.3 | 151.5 |
| Dividend yield | 4.57% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | TROW | XYZ |
|---|---|---|
| 2022 | -42.2% | -61.1% |
| 2023 | +3.4% | +23.1% |
| 2024 | +9.7% | +9.9% |
| 2025 | -4.7% | -23.4% |
| 2026 | +12.7% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TROW and XYZ good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TROW and XYZ?
As of 2026-08-27, the correlation of weekly returns between TROW and XYZ is 0.46 over 3 years, 0.22 over 1 year and 0.59 over 5 years.
Is XYZ a good diversifier for TROW?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/trow-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trow-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TROW correlations · XYZ correlations
