CRNX vs FXHO: Correlation
Measured on weekly returns over the past three years, Crinetics Pharmaceuticals, Inc. (CRNX) and UTime Limited - Class A (FXHO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNX and FXHO?
Across a 3-year window, the weekly returns of CRNX and FXHO correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.38 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 6040.7 %².
In CRNX's tracked universe of 12 assets, FXHO sits right near the top at #3. The last year tells two different stories: CRNX led by 278.9 percentage points, +179.1% for CRNX against -99.8% for FXHO. Note the risk asymmetry: FXHO runs 1.9 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.
CRNX vs FXHO: side by side
| CRNX (Crinetics Pharmaceuticals, Inc.) | FXHO (UTime Limited - Class A) | |
|---|---|---|
| 1-year return | +179.1% | -99.8% |
| 5-year return | +269.7% | -100.0% |
| Volatility (ann.) | 91.7% | 175.7% |
| Beta vs S&P 500 | 1.58 | 1.88 |
| Max drawdown (3Y) | -57.9% | -100.0% |
| Market cap | $9.0B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNX | FXHO |
|---|---|---|
| 2022 | -35.6% | -66.6% |
| 2023 | +94.4% | -69.2% |
| 2024 | +43.7% | -95.4% |
| 2025 | -9.0% | -99.7% |
| 2026 | +82.3% | -80.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNX and FXHO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRNX and FXHO?
As of 2026-08-27, the correlation of weekly returns between CRNX and FXHO is 0.38 over 3 years, 0.61 over 1 year and 0.32 over 5 years.
Is FXHO a good diversifier for CRNX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/crnx-vs-fxho.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnx-vs-fxho/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNX correlations · FXHO correlations
