BQ vs DFLI: Correlation
Measured on weekly returns over the past three years, Boqii Holding Limited Class A (BQ) and Dragonfly Energy Holdings Corp (DFLI) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and DFLI?
On 3 years of weekly data the BQ/DFLI correlation comes out at 0.69, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.69). The 5-year figure is 0.63, and annualized covariance runs at 39827.0 %².
Few assets follow BQ as closely as DFLI, which ranks #1 of 17 tracked partners. Neither side won the trailing year by much: -66.9% against -64.8%.
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.
BQ vs DFLI: side by side
| BQ (Boqii Holding Limited Class A) | DFLI (Dragonfly Energy Holdings Corp) | |
|---|---|---|
| 1-year return | -66.9% | -64.8% |
| 5-year return | -99.8% | -99.9% |
| Volatility (ann.) | 275.5% | 208.7% |
| Beta vs S&P 500 | 1.87 | 1.72 |
| Max drawdown (3Y) | -98.2% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | DFLI |
|---|---|---|
| 2022 | -77.1% | +19.4% |
| 2023 | -88.5% | -95.4% |
| 2024 | -22.1% | -43.0% |
| 2025 | -43.6% | -89.0% |
| 2026 | -54.7% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and DFLI good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BQ and DFLI?
The BQ/DFLI correlation stands at 0.69 on a 3-year window (1 year: 0.88, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is DFLI a good diversifier for BQ?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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-dfli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bq-vs-dfli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BQ correlations · DFLI correlations
