BKHA vs FCUV: Correlation
Black Hawk Acquisition Corporation - Class A (BKHA) and Focus Universal Inc. (FCUV) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKHA and FCUV?
Across a 3-year window, the weekly returns of BKHA and FCUV correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.32 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -610.0 %².
Among the 10 assets we track against BKHA, FCUV sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months BKHA outperformed by 93.8 percentage points (+8.0% for BKHA against -85.8% for FCUV). Risk is not evenly split, since FCUV carries 48.7 times the volatility of the other side.
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.
BKHA vs FCUV: side by side
| BKHA (Black Hawk Acquisition Corporation - Class A) | FCUV (Focus Universal Inc.) | |
|---|---|---|
| 1-year return | +8.0% | -85.8% |
| 5-year return | n/a | -99.4% |
| Volatility (ann.) | 5.9% | 287.5% |
| Beta vs S&P 500 | 0.02 | 0.68 |
| Max drawdown (3Y) | -10.1% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | 99.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKHA | FCUV |
|---|---|---|
| 2022 | – | -27.7% |
| 2023 | – | -65.8% |
| 2024 | – | -76.0% |
| 2025 | +8.4% | -76.9% |
| 2026 | +5.6% | -67.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKHA and FCUV good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKHA and FCUV?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.37 over the last year and n/a over 5 years.
Is FCUV a good diversifier for BKHA?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/bkha-vs-fcuv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkha-vs-fcuv/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BKHA correlations · FCUV correlations
