BCTX vs FOXX: Correlation
How closely do BriaCell Therapeutics Corp. (BCTX) and Foxx Development Holdings Inc. (FOXX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and FOXX?
On 3 years of weekly data the BCTX/FOXX correlation comes out at 0.46, moderate. The past 12 months show a weaker link (-0.00) than the 3-year average (0.46). The 5-year figure is 0.46, and annualized covariance runs at 34005.2 %².
Among the 31 assets we track against BCTX, FOXX ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -51.2% for BCTX and -54.3% for FOXX. Note the risk asymmetry: BCTX runs 6.2 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.
BCTX vs FOXX: side by side
| BCTX (BriaCell Therapeutics Corp.) | FOXX (Foxx Development Holdings Inc.) | |
|---|---|---|
| 1-year return | -51.2% | -54.3% |
| 5-year return | -94.5% | n/a |
| Volatility (ann.) | 676.8% | 108.9% |
| Beta vs S&P 500 | -1.17 | -0.69 |
| Max drawdown (3Y) | -96.3% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | FOXX |
|---|---|---|
| 2022 | -47.2% | – |
| 2023 | +33.9% | +8.2% |
| 2024 | -90.4% | -48.4% |
| 2025 | +27.0% | -18.7% |
| 2026 | -47.8% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and FOXX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCTX and FOXX?
The BCTX/FOXX correlation stands at 0.46 on a 3-year window (1 year: -0.00, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is FOXX a good diversifier for BCTX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BCTX correlations · FOXX correlations
