DUO vs SRG: Correlation
Fangdd Network Group Ltd. - Class A (DUO) and Seritage Growth Properties (SRG) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUO and SRG?
On 3 years of weekly data the DUO/SRG correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.32). The 5-year figure is -0.11, and annualized covariance runs at -3800.7 %².
Out of 15 assets tracked against DUO, SRG lands near the bottom at #15. On 12-month performance SRG holds a 10.9-point edge, -53.8% against -42.9%. One caveat on sizing: DUO is 6.6 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.
DUO vs SRG: side by side
| DUO (Fangdd Network Group Ltd. - Class A) | SRG (Seritage Growth Properties) | |
|---|---|---|
| 1-year return | -53.8% | -42.9% |
| 5-year return | -100.0% | -86.6% |
| Volatility (ann.) | 278.7% | 42.5% |
| Beta vs S&P 500 | 1.68 | 0.81 |
| Max drawdown (3Y) | -99.2% | -79.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUO | SRG |
|---|---|---|
| 2022 | -89.0% | -10.9% |
| 2023 | -94.2% | -21.0% |
| 2024 | -11.1% | -55.9% |
| 2025 | -84.7% | -21.1% |
| 2026 | -52.2% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUO and SRG good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DUO and SRG?
As of 2026-08-27, the correlation of weekly returns between DUO and SRG is -0.32 over 3 years, -0.01 over 1 year and -0.11 over 5 years.
Is SRG a good diversifier for DUO?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/duo-vs-srg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duo-vs-srg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUO correlations · SRG correlations
