BOF vs FXHO: Correlation
Measured on weekly returns over the past three years, BranchOut Food Inc. (BOF) and UTime Limited - Class A (FXHO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOF and FXHO?
On 3 years of weekly data the BOF/FXHO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.21). The 5-year figure is n/a, and annualized covariance runs at -6055.9 %².
FXHO is close to the least connected end of BOF's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with BOF ahead by 196.9 points (+97.1% versus -99.8%).
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.
BOF vs FXHO: side by side
| BOF (BranchOut Food Inc.) | FXHO (UTime Limited - Class A) | |
|---|---|---|
| 1-year return | +97.1% | -99.8% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 162.9% | 175.7% |
| Beta vs S&P 500 | 1.19 | 1.88 |
| Max drawdown (3Y) | -76.8% | -100.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOF | FXHO |
|---|---|---|
| 2022 | – | -66.6% |
| 2023 | – | -69.2% |
| 2024 | +43.0% | -95.4% |
| 2025 | +83.8% | -99.7% |
| 2026 | +30.2% | -80.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOF and FXHO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOF and FXHO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.09 over the last year and n/a over 5 years.
Is FXHO a good diversifier for BOF?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/bof-vs-fxho.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bof-vs-fxho/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOF correlations · FXHO correlations
