CIIT vs UTZ: Correlation
Tianci International, Inc. (CIIT) and Utz Brands Inc (UTZ) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIIT and UTZ?
On 3 years of weekly data the CIIT/UTZ correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. Lately the two have moved closer together, with the 1-year correlation at 0.94 versus 0.83 over 3 years. The 5-year figure is 0.73, and annualized covariance runs at 36786.2 %².
Within CIIT's tracked universe of 27 assets, UTZ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UTZ outperformed by 42.8 percentage points (-34.5% for CIIT against +8.3% for UTZ). Note the risk asymmetry: CIIT runs 10.2 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.
CIIT vs UTZ: side by side
| CIIT (Tianci International, Inc.) | UTZ (Utz Brands Inc) | |
|---|---|---|
| 1-year return | -34.5% | +8.3% |
| 5-year return | -77.6% | -16.7% |
| Volatility (ann.) | 673.6% | 65.9% |
| Beta vs S&P 500 | -2.24 | 0.07 |
| Max drawdown (3Y) | -99.2% | -63.8% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIIT | UTZ |
|---|---|---|
| 2022 | +36.4% | +0.9% |
| 2023 | -44.8% | +3.9% |
| 2024 | +383.1% | -2.1% |
| 2025 | -91.7% | -32.3% |
| 2026 | +41.6% | +39.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIIT and UTZ good diversifiers for each other?
No: a correlation of 0.83 means CIIT and UTZ tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CIIT and UTZ?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.94 over the last year and 0.73 over 5 years.
Is UTZ a good diversifier for CIIT?
No: a correlation of 0.83 means CIIT and UTZ tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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/ciit-vs-utz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ciit-vs-utz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIIT correlations · UTZ correlations
