TXN vs ZOOZ: Correlation
How closely do Texas Instruments (TXN) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TXN and ZOOZ?
Over the past 3 years, TXN and ZOOZ moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.17). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -933.8 %².
By 3-year correlation, ZOOZ places #25 of the 31 assets tracked against TXN. Correlation aside, the last 12 months split them widely, with TXN ahead by 112.0 points (+33.1% versus -78.9%). Note the risk asymmetry: ZOOZ runs 4.3 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.
TXN vs ZOOZ: side by side
| TXN (Texas Instruments) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | +33.1% | -78.9% |
| 5-year return | +60.4% | n/a |
| Volatility (ann.) | 34.3% | 147.3% |
| Beta vs S&P 500 | 1.28 | 1.83 |
| Max drawdown (3Y) | -33.4% | -93.9% |
| Market cap | $243.4B | $0.1B |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TXN | ZOOZ |
|---|---|---|
| 2022 | -9.9% | – |
| 2023 | +6.4% | – |
| 2024 | +13.1% | – |
| 2025 | -4.5% | -82.1% |
| 2026 | +56.2% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TXN and ZOOZ good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TXN and ZOOZ?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is ZOOZ a good diversifier for TXN?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/txn-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/txn-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TXN correlations · ZOOZ correlations
