BKKT vs FOXX: Correlation
How closely do Bakkt, Inc. (BKKT) and Foxx Development Holdings Inc. (FOXX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and FOXX?
Across a 3-year window, the weekly returns of BKKT and FOXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -4971.5 %².
Out of 11 assets tracked against BKKT, FOXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months BKKT outperformed by 52.1 percentage points (-2.2% for BKKT against -54.3% for FOXX). Note the risk asymmetry: BKKT runs 1.6 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.
BKKT vs FOXX: side by side
| BKKT (Bakkt, Inc.) | FOXX (Foxx Development Holdings Inc.) | |
|---|---|---|
| 1-year return | -2.2% | -54.3% |
| 5-year return | -96.6% | n/a |
| Volatility (ann.) | 172.9% | 108.9% |
| Beta vs S&P 500 | 3.19 | -0.69 |
| Max drawdown (3Y) | -89.4% | -87.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKKT | FOXX |
|---|---|---|
| 2022 | -86.0% | – |
| 2023 | +87.4% | +8.2% |
| 2024 | -55.6% | -48.4% |
| 2025 | -59.5% | -18.7% |
| 2026 | -16.1% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and FOXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKKT and FOXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.23 over the last year and -0.25 over 5 years.
Is FOXX a good diversifier for BKKT?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/bkkt-vs-foxx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bkkt-vs-foxx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKKT correlations · FOXX correlations
