BQ vs UCFI: Correlation
How closely do Boqii Holding Limited Class A (BQ) and CN Healthy Food Tech Group Corp. (UCFI) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and UCFI?
Across a 3-year window, the weekly returns of BQ and UCFI correlate at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.91) than the 3-year average (-0.35). Stretching to 5 years gives n/a, with an annualized covariance of -6824.8 %².
Out of 17 assets tracked against BQ, UCFI lands near the bottom at #14. On 12-month performance UCFI holds a 12.8-point edge, -66.9% against -54.1%. Risk is not evenly split, since BQ carries 4.1 times the volatility of the other side.
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 UCFI: side by side
| BQ (Boqii Holding Limited Class A) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | -66.9% | -54.1% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 275.5% | 66.8% |
| Beta vs S&P 500 | 1.87 | -0.21 |
| Max drawdown (3Y) | -98.2% | -67.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | UCFI |
|---|---|---|
| 2022 | -77.1% | – |
| 2023 | -88.5% | – |
| 2024 | -22.1% | – |
| 2025 | -43.6% | -46.5% |
| 2026 | -54.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and UCFI good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between BQ and UCFI?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.91 over the last year and n/a over 5 years.
Is UCFI a good diversifier for BQ?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bq-vs-ucfi.json
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[](https://www.pairbook.io/pair/bq-vs-ucfi/)
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Related comparisons
Hubs: BQ correlations · UCFI correlations
