DUO vs SHIM: Correlation
How closely do Fangdd Network Group Ltd. - Class A (DUO) and Shimmick Corporation (SHIM) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUO and SHIM?
On 3 years of weekly data the DUO/SHIM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -8355.2 %².
Out of 15 assets tracked against DUO, SHIM lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months SHIM outperformed by 75.1 percentage points (-53.8% for DUO against +21.3% for SHIM). Risk is not evenly split, since DUO carries 2.3 times the volatility of the other side.
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 SHIM: side by side
| DUO (Fangdd Network Group Ltd. - Class A) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -53.8% | +21.3% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 278.7% | 120.7% |
| Beta vs S&P 500 | 1.68 | 1.54 |
| Max drawdown (3Y) | -99.2% | -82.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUO | SHIM |
|---|---|---|
| 2022 | -89.0% | – |
| 2023 | -94.2% | – |
| 2024 | -11.1% | -60.8% |
| 2025 | -84.7% | +12.7% |
| 2026 | -52.2% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUO and SHIM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DUO and SHIM?
The DUO/SHIM correlation stands at -0.24 on a 3-year window (1 year: 0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHIM a good diversifier for DUO?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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 · SHIM correlations
