CPOP vs EQ: Correlation
How closely do Pop Culture Group Co., Ltd - Class A (CPOP) and Equillium, Inc. (EQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPOP and EQ?
Over the past 3 years, CPOP and EQ moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 7531.4 %².
EQ is one of the assets that tracks CPOP most closely: it ranks #2 out of the 16 assets we track against CPOP. Correlation aside, the last 12 months split them widely, with EQ ahead by 125.3 points (-97.0% versus +28.3%).
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 EQ: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | EQ (Equillium, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | +28.3% |
| 5-year return | -99.9% | -60.0% |
| Volatility (ann.) | 129.2% | 147.8% |
| Beta vs S&P 500 | 0.69 | 0.03 |
| Max drawdown (3Y) | -99.6% | -90.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPOP | EQ |
|---|---|---|
| 2022 | -78.5% | -71.9% |
| 2023 | -86.3% | -32.1% |
| 2024 | +9.3% | +4.2% |
| 2025 | -64.1% | +106.7% |
| 2026 | -91.6% | +58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and EQ good diversifiers for each other?
Reasonably. At 0.39, CPOP and EQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPOP and EQ?
The CPOP/EQ correlation stands at 0.39 on a 3-year window (1 year: 0.20, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is EQ a good diversifier for CPOP?
Reasonably. At 0.39, CPOP and EQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: CPOP correlations · EQ correlations
