ARTV vs FXHO: Correlation
Artiva Biotherapeutics, Inc. (ARTV) and UTime Limited - Class A (FXHO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and FXHO?
On 3 years of weekly data the ARTV/FXHO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -6875.7 %².
FXHO is close to the least connected end of ARTV's tracked universe, ranking #18 of 19. The last year tells two different stories: ARTV led by 364.9 percentage points, +265.1% for ARTV against -99.8% for FXHO.
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.
ARTV vs FXHO: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | FXHO (UTime Limited - Class A) | |
|---|---|---|
| 1-year return | +265.1% | -99.8% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 145.0% | 175.7% |
| Beta vs S&P 500 | 2.62 | 1.88 |
| Max drawdown (3Y) | -90.7% | -100.0% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | FXHO |
|---|---|---|
| 2022 | – | -66.6% |
| 2023 | – | -69.2% |
| 2024 | – | -95.4% |
| 2025 | -57.4% | -99.7% |
| 2026 | +178.3% | -80.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and FXHO good diversifiers for each other?
Yes. With a correlation of -0.24, ARTV and FXHO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARTV and FXHO?
As of 2026-08-27, the correlation of weekly returns between ARTV and FXHO is -0.24 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is FXHO a good diversifier for ARTV?
Yes. With a correlation of -0.24, ARTV and FXHO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/artv-vs-fxho.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-fxho/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTV correlations · FXHO correlations
