CPOP vs DBX: Correlation
Pop Culture Group Co., Ltd - Class A (CPOP) and Dropbox, Inc. (DBX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPOP and DBX?
Across a 3-year window, the weekly returns of CPOP and DBX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.24). Stretching to 5 years gives -0.10, with an annualized covariance of -1021.3 %².
Out of 16 assets tracked against CPOP, DBX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months DBX outperformed by 121.5 percentage points (-97.0% for CPOP against +24.5% for DBX). One caveat on sizing: CPOP is 4.0 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.
CPOP vs DBX: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | DBX (Dropbox, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | +24.5% |
| 5-year return | -99.9% | +14.9% |
| Volatility (ann.) | 129.2% | 32.7% |
| Beta vs S&P 500 | 0.69 | 0.86 |
| Max drawdown (3Y) | -99.6% | -37.4% |
| Market cap | – | $7.8B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPOP | DBX |
|---|---|---|
| 2022 | -78.5% | -8.8% |
| 2023 | -86.3% | +31.7% |
| 2024 | +9.3% | +1.9% |
| 2025 | -64.1% | -7.5% |
| 2026 | -91.6% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and DBX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPOP and DBX?
As of 2026-08-27, the correlation of weekly returns between CPOP and DBX is -0.24 over 3 years, 0.02 over 1 year and -0.10 over 5 years.
Is DBX a good diversifier for CPOP?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/cpop-vs-dbx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpop-vs-dbx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPOP correlations · DBX correlations
