BYND vs SXTC: Correlation
Measured on weekly returns over the past three years, Beyond Meat, Inc. (BYND) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) carry a correlation of 0.97, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYND and SXTC?
Across a 3-year window, the weekly returns of BYND and SXTC correlate at 0.97, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.98 over 1 year against 0.97 over 3. Stretching to 5 years gives 0.97, with an annualized covariance of 14847923.8 %².
Few assets follow BYND as closely as SXTC, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with BYND ahead by 538.9 points (+440.5% versus -98.4%). Note the risk asymmetry: SXTC runs 3.2 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.
BYND vs SXTC: side by side
| BYND (Beyond Meat, Inc.) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | +440.5% | -98.4% |
| 5-year return | -88.4% | -99.9% |
| Volatility (ann.) | 2192.0% | 6970.7% |
| Beta vs S&P 500 | 5.06 | 6.97 |
| Max drawdown (3Y) | -97.2% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYND | SXTC |
|---|---|---|
| 2022 | -81.1% | -16.6% |
| 2023 | -27.7% | -70.7% |
| 2024 | -57.8% | -87.2% |
| 2025 | -78.2% | +215.0% |
| 2026 | +1607.3% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYND and SXTC good diversifiers for each other?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BYND and SXTC?
As of 2026-08-27, the correlation of weekly returns between BYND and SXTC is 0.97 over 3 years, 0.98 over 1 year and 0.97 over 5 years.
Is SXTC a good diversifier for BYND?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.97 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/bynd-vs-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bynd-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYND correlations · SXTC correlations
