ELPW vs FCUV: Correlation
Elong Power Holding Limited - Class A (ELPW) and Focus Universal Inc. (FCUV) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and FCUV?
On 3 years of weekly data the ELPW/FCUV correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 547189.5 %².
Among the 30 assets we track against ELPW, FCUV ranks #17 by 3-year correlation. On 12-month performance FCUV holds a 13.2-point edge, -99.0% against -85.8%. Note the risk asymmetry: ELPW runs 11.6 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.
ELPW vs FCUV: side by side
| ELPW (Elong Power Holding Limited - Class A) | FCUV (Focus Universal Inc.) | |
|---|---|---|
| 1-year return | -99.0% | -85.8% |
| 5-year return | n/a | -99.4% |
| Volatility (ann.) | 3332.8% | 287.5% |
| Beta vs S&P 500 | 3.98 | 0.68 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | FCUV |
|---|---|---|
| 2022 | – | -27.7% |
| 2023 | – | -65.8% |
| 2024 | -87.5% | -76.0% |
| 2025 | -91.4% | -76.9% |
| 2026 | -97.4% | -67.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and FCUV good diversifiers for each other?
Only partially. A correlation of 0.57 means ELPW and FCUV 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 ELPW and FCUV?
The ELPW/FCUV correlation stands at 0.57 on a 3-year window (1 year: 0.65, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FCUV a good diversifier for ELPW?
Only partially. A correlation of 0.57 means ELPW and FCUV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/elpw-vs-fcuv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-fcuv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELPW correlations · FCUV correlations
