DUO vs OXBR: Correlation
Fangdd Network Group Ltd. - Class A (DUO) and Oxbridge Re Holdings Limited (OXBR) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUO and OXBR?
On 3 years of weekly data the DUO/OXBR correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.31). The 5-year figure is 0.23, and annualized covariance runs at 7659.5 %².
By 3-year correlation, OXBR places #7 of the 15 assets tracked against DUO. Over the last 12 months OXBR came out ahead by 13.4 percentage points (-53.8% against -40.4%). Note the risk asymmetry: DUO runs 3.2 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.
DUO vs OXBR: side by side
| DUO (Fangdd Network Group Ltd. - Class A) | OXBR (Oxbridge Re Holdings Limited) | |
|---|---|---|
| 1-year return | -53.8% | -40.4% |
| 5-year return | -100.0% | -58.6% |
| Volatility (ann.) | 278.7% | 88.3% |
| Beta vs S&P 500 | 1.68 | 1.20 |
| Max drawdown (3Y) | -99.2% | -87.5% |
| Market cap | – | – |
| P/E (trailing) | – | 63.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUO | OXBR |
|---|---|---|
| 2022 | -89.0% | -78.6% |
| 2023 | -94.2% | -8.3% |
| 2024 | -11.1% | +274.6% |
| 2025 | -84.7% | -68.0% |
| 2026 | -52.2% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUO and OXBR good diversifiers for each other?
Reasonably. At 0.31, DUO and OXBR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DUO and OXBR?
The DUO/OXBR correlation stands at 0.31 on a 3-year window (1 year: 0.01, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is OXBR a good diversifier for DUO?
Reasonably. At 0.31, DUO and OXBR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DUO correlations · OXBR correlations
