BQ vs CHR: Correlation
Measured on weekly returns over the past three years, Boqii Holding Limited Class A (BQ) and Cheer Holding, Inc. - Class A (CHR) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and CHR?
On 3 years of weekly data the BQ/CHR correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.41 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -10040.4 %².
Among the 17 assets we track against BQ, CHR sits near the bottom by co-movement, at rank #16. The last year tells two different stories: BQ led by 32.0 percentage points, -66.9% for BQ against -98.9% for CHR. Note the risk asymmetry: BQ runs 3.1 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.
BQ vs CHR: side by side
| BQ (Boqii Holding Limited Class A) | CHR (Cheer Holding, Inc. - Class A) | |
|---|---|---|
| 1-year return | -66.9% | -98.9% |
| 5-year return | -99.8% | -100.0% |
| Volatility (ann.) | 275.5% | 89.2% |
| Beta vs S&P 500 | 1.87 | 0.17 |
| Max drawdown (3Y) | -98.2% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | CHR |
|---|---|---|
| 2022 | -77.1% | +23.7% |
| 2023 | -88.5% | -78.5% |
| 2024 | -22.1% | -20.7% |
| 2025 | -43.6% | -99.0% |
| 2026 | -54.7% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and CHR good diversifiers for each other?
Yes. With a correlation of -0.41, BQ and CHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BQ and CHR?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.59 over the last year and -0.29 over 5 years.
Is CHR a good diversifier for BQ?
Yes. With a correlation of -0.41, BQ and CHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 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/bq-vs-chr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bq-vs-chr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BQ correlations · CHR correlations
