BQ vs CLNN: Correlation
Measured on weekly returns over the past three years, Boqii Holding Limited Class A (BQ) and Clene Inc. (CLNN) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and CLNN?
Over the past 3 years, BQ and CLNN moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 10947.9 %².
By 3-year correlation, CLNN places #8 of the 17 assets tracked against BQ. Their recent paths diverged sharply: over the last 12 months CLNN outperformed by 50.0 percentage points (-66.9% for BQ against -16.9% for CLNN). One caveat on sizing: BQ is 2.5 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.
BQ vs CLNN: side by side
| BQ (Boqii Holding Limited Class A) | CLNN (Clene Inc.) | |
|---|---|---|
| 1-year return | -66.9% | -16.9% |
| 5-year return | -99.8% | -97.1% |
| Volatility (ann.) | 275.5% | 111.8% |
| Beta vs S&P 500 | 1.87 | 1.72 |
| Max drawdown (3Y) | -98.2% | -84.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | CLNN |
|---|---|---|
| 2022 | -77.1% | -75.6% |
| 2023 | -88.5% | -70.0% |
| 2024 | -22.1% | -11.5% |
| 2025 | -43.6% | +10.5% |
| 2026 | -54.7% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and CLNN good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BQ and CLNN?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.58 over the last year and 0.30 over 5 years.
Is CLNN a good diversifier for BQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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-clnn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bq-vs-clnn/)
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Related comparisons
Hubs: BQ correlations · CLNN correlations
