EBON vs FTFT: Correlation
Measured on weekly returns over the past three years, Ebang International Holdings Inc. - Class A (EBON) and Future FinTech Group Inc. (FTFT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBON and FTFT?
On 3 years of weekly data the EBON/FTFT correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.55 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 7403.5 %².
Few assets follow EBON as closely as FTFT, which ranks #1 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months EBON outperformed by 54.9 percentage points (-43.5% for EBON against -98.4% for FTFT). Risk is not evenly split, since FTFT carries 1.8 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.
EBON vs FTFT: side by side
| EBON (Ebang International Holdings Inc. - Class A) | FTFT (Future FinTech Group Inc.) | |
|---|---|---|
| 1-year return | -43.5% | -98.4% |
| 5-year return | -97.1% | -100.0% |
| Volatility (ann.) | 87.4% | 154.7% |
| Beta vs S&P 500 | 1.50 | 0.87 |
| Max drawdown (3Y) | -90.4% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBON | FTFT |
|---|---|---|
| 2022 | -90.6% | -72.2% |
| 2023 | +425.8% | -1.1% |
| 2024 | -62.6% | -83.1% |
| 2025 | -46.5% | -75.2% |
| 2026 | -27.4% | -95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBON and FTFT good diversifiers for each other?
Only partially. A correlation of 0.55 means EBON and FTFT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EBON and FTFT?
The EBON/FTFT correlation stands at 0.55 on a 3-year window (1 year: 0.24, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is FTFT a good diversifier for EBON?
Only partially. A correlation of 0.55 means EBON and FTFT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: EBON correlations · FTFT correlations
