BOXL vs USIO: Correlation
Measured on weekly returns over the past three years, Boxlight Corporation (BOXL) and Usio, Inc. (USIO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOXL and USIO?
Over the past 3 years, BOXL and USIO moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4133.2 %².
In BOXL's tracked universe of 10 assets, USIO sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months USIO outperformed by 173.9 percentage points (-90.8% for BOXL against +83.1% for USIO). One caveat on sizing: BOXL is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BOXL vs USIO: side by side
| BOXL (Boxlight Corporation) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | -90.8% | +83.1% |
| 5-year return | -99.8% | -54.6% |
| Volatility (ann.) | 131.7% | 58.9% |
| Beta vs S&P 500 | 1.16 | 0.35 |
| Max drawdown (3Y) | -99.3% | -59.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOXL | USIO |
|---|---|---|
| 2022 | -77.5% | -62.2% |
| 2023 | -57.0% | +4.2% |
| 2024 | -64.3% | -15.1% |
| 2025 | -85.2% | -6.8% |
| 2026 | -40.2% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOXL and USIO good diversifiers for each other?
Only partially. A correlation of 0.53 means BOXL and USIO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BOXL and USIO?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.46 over the last year and 0.38 over 5 years.
Is USIO a good diversifier for BOXL?
Only partially. A correlation of 0.53 means BOXL and USIO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/boxl-vs-usio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boxl-vs-usio/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOXL correlations · USIO correlations
