TYGO vs XAIR: Correlation
How closely do Tigo Energy, Inc. (TYGO) and Beyond Air, Inc. (XAIR) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYGO and XAIR?
On 3 years of weekly data the TYGO/XAIR correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.36 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 3909.4 %².
Within TYGO's tracked universe of 16 assets, XAIR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TYGO ahead by 69.1 points (-18.4% versus -87.5%).
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.
TYGO vs XAIR: side by side
| TYGO (Tigo Energy, Inc.) | XAIR (Beyond Air, Inc.) | |
|---|---|---|
| 1-year return | -18.4% | -87.5% |
| 5-year return | -88.7% | -99.9% |
| Volatility (ann.) | 100.4% | 106.7% |
| Beta vs S&P 500 | 0.62 | 0.35 |
| Max drawdown (3Y) | -94.1% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | 6.9 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TYGO | XAIR |
|---|---|---|
| 2022 | +3.0% | -31.2% |
| 2023 | -79.5% | -69.8% |
| 2024 | -52.9% | -81.7% |
| 2025 | +40.1% | -89.9% |
| 2026 | -19.6% | -60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYGO and XAIR good diversifiers for each other?
Reasonably. At 0.36, TYGO and XAIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TYGO and XAIR?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.55 over the last year and 0.26 over 5 years.
Is XAIR a good diversifier for TYGO?
Reasonably. At 0.36, TYGO and XAIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/tygo-vs-xair.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tygo-vs-xair/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TYGO correlations · XAIR correlations
