BQ vs YCBD: Correlation
Boqii Holding Limited Class A (BQ) and cbdMD, Inc. (YCBD) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and YCBD?
On 3 years of weekly data the BQ/YCBD correlation comes out at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.41 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 13763.6 %².
By 3-year correlation, YCBD places #5 of the 17 assets tracked against BQ. Their recent paths diverged sharply: over the last 12 months YCBD outperformed by 38.4 percentage points (-66.9% for BQ against -28.5% for YCBD). Note the risk asymmetry: BQ runs 2.3 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 YCBD: side by side
| BQ (Boqii Holding Limited Class A) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | -66.9% | -28.5% |
| 5-year return | -99.8% | -99.9% |
| Volatility (ann.) | 275.5% | 122.3% |
| Beta vs S&P 500 | 1.87 | 0.80 |
| Max drawdown (3Y) | -98.2% | -95.8% |
| Market cap | – | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | YCBD |
|---|---|---|
| 2022 | -77.1% | -79.0% |
| 2023 | -88.5% | -89.8% |
| 2024 | -22.1% | -63.9% |
| 2025 | -43.6% | -55.0% |
| 2026 | -54.7% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and YCBD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BQ and YCBD?
The BQ/YCBD correlation stands at 0.41 on a 3-year window (1 year: 0.51, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is YCBD a good diversifier for BQ?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/bq-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bq-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BQ correlations · YCBD correlations
