CEG vs FOXX: Correlation
Measured on weekly returns over the past three years, Constellation Energy (CEG) and Foxx Development Holdings Inc. (FOXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and FOXX?
Across a 3-year window, the weekly returns of CEG and FOXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -1226.7 %².
By 3-year correlation, FOXX places #24 of the 32 assets tracked against CEG. Correlation aside, the last 12 months split them widely, with CEG ahead by 44.2 points (-10.1% versus -54.3%). One caveat on sizing: FOXX is 2.1 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.
CEG vs FOXX: side by side
| CEG (Constellation Energy) | FOXX (Foxx Development Holdings Inc.) | |
|---|---|---|
| 1-year return | -10.1% | -54.3% |
| 5-year return | +598.5% | n/a |
| Volatility (ann.) | 52.1% | 108.9% |
| Beta vs S&P 500 | 1.42 | -0.69 |
| Max drawdown (3Y) | -50.7% | -87.3% |
| Market cap | $100.1B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 0.58% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CEG | FOXX |
|---|---|---|
| 2023 | +37.2% | +8.2% |
| 2024 | +92.7% | -48.4% |
| 2025 | +58.8% | -18.7% |
| 2026 | -19.7% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and FOXX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CEG and FOXX?
As of 2026-08-27, the correlation of weekly returns between CEG and FOXX is -0.22 over 3 years, -0.29 over 1 year and -0.21 over 5 years.
Is FOXX a good diversifier for CEG?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/ceg-vs-foxx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ceg-vs-foxx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CEG correlations · FOXX correlations
