COOT vs FXHO: Correlation
Measured on weekly returns over the past three years, Australian Oilseeds Holdings Limited (COOT) and UTime Limited - Class A (FXHO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COOT and FXHO?
Across a 3-year window, the weekly returns of COOT and FXHO correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.25). Stretching to 5 years gives -0.22, with an annualized covariance of -6490.9 %².
FXHO is close to the least connected end of COOT's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months COOT outperformed by 74.6 percentage points (-25.2% for COOT against -99.8% for FXHO).
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.
COOT vs FXHO: side by side
| COOT (Australian Oilseeds Holdings Limited) | FXHO (UTime Limited - Class A) | |
|---|---|---|
| 1-year return | -25.2% | -99.8% |
| 5-year return | -95.4% | -100.0% |
| Volatility (ann.) | 146.6% | 175.7% |
| Beta vs S&P 500 | 0.13 | 1.88 |
| Max drawdown (3Y) | -97.0% | -100.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COOT | FXHO |
|---|---|---|
| 2022 | +2.8% | -66.6% |
| 2023 | +10.1% | -69.2% |
| 2024 | -89.7% | -95.4% |
| 2025 | -56.7% | -99.7% |
| 2026 | -10.7% | -80.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COOT and FXHO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between COOT and FXHO?
As of 2026-08-27, the correlation of weekly returns between COOT and FXHO is -0.25 over 3 years, -0.43 over 1 year and -0.22 over 5 years.
Is FXHO a good diversifier for COOT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/coot-vs-fxho.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coot-vs-fxho/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COOT correlations · FXHO correlations
