AEHL vs HAO: Correlation
Antelope Enterprise Holdings Limited - Class A (AEHL) and Haoxi Health Technology Limited - Class A Ord Share (HAO) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and HAO?
Across a 3-year window, the weekly returns of AEHL and HAO correlate at 0.78, strong. Lately the two have moved closer together, with the 1-year correlation at 0.98 versus 0.78 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 2266089.7 %².
By 3-year correlation, HAO places #16 of the 26 assets tracked against AEHL. Their recent paths diverged sharply: over the last 12 months AEHL outperformed by 24.3 percentage points (-73.6% for AEHL against -97.9% for HAO). Note the risk asymmetry: HAO runs 1.9 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.
AEHL vs HAO: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | -73.6% | -97.9% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 1193.4% | 2273.9% |
| Beta vs S&P 500 | 1.91 | -2.44 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | HAO |
|---|---|---|
| 2022 | -62.9% | – |
| 2023 | -56.1% | – |
| 2024 | -91.1% | – |
| 2025 | -80.8% | +613.3% |
| 2026 | -52.1% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and HAO good diversifiers for each other?
To a limited degree. At 0.78 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 AEHL and HAO?
As of 2026-08-27, the correlation of weekly returns between AEHL and HAO is 0.78 over 3 years, 0.98 over 1 year and n/a over 5 years.
Is HAO a good diversifier for AEHL?
To a limited degree. At 0.78 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 0.78 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/aehl-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aehl-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEHL correlations · HAO correlations
