ARTL vs FTFT: Correlation
How closely do Artelo Biosciences, Inc. (ARTL) and Future FinTech Group Inc. (FTFT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and FTFT?
On 3 years of weekly data the ARTL/FTFT correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.53). The 5-year figure is 0.46, and annualized covariance runs at 11157.9 %².
Few assets follow ARTL as closely as FTFT, which ranks #3 of 21 tracked partners. Neither side won the trailing year by much: -97.6% against -98.4%.
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.
ARTL vs FTFT: side by side
| ARTL (Artelo Biosciences, Inc.) | FTFT (Future FinTech Group Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -98.4% |
| 5-year return | -99.7% | -100.0% |
| Volatility (ann.) | 136.9% | 154.7% |
| Beta vs S&P 500 | -0.54 | 0.87 |
| Max drawdown (3Y) | -99.2% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTL | FTFT |
|---|---|---|
| 2022 | -62.9% | -72.2% |
| 2023 | -51.6% | -1.1% |
| 2024 | -24.3% | -83.1% |
| 2025 | -80.8% | -75.2% |
| 2026 | -81.9% | -95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and FTFT good diversifiers for each other?
To a limited degree. At 0.53 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 ARTL and FTFT?
The ARTL/FTFT correlation stands at 0.53 on a 3-year window (1 year: 0.05, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is FTFT a good diversifier for ARTL?
To a limited degree. At 0.53 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/artl-vs-ftft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artl-vs-ftft/)
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Related comparisons
Hubs: ARTL correlations · FTFT correlations
