FCUV vs IPW: Correlation
How closely do Focus Universal Inc. (FCUV) and iPower Inc. (IPW) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCUV and IPW?
Over the past 3 years, FCUV and IPW moved with a correlation of 0.69, which is strong. The past 12 months show a tighter link (0.92) than the 3-year average (0.69). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 80436.0 %².
By 3-year correlation, IPW places #4 of the 33 assets tracked against FCUV. Over the last 12 months FCUV came out ahead by 12.8 percentage points (-85.8% against -98.6%).
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.
FCUV vs IPW: side by side
| FCUV (Focus Universal Inc.) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | -85.8% | -98.6% |
| 5-year return | -99.4% | -99.8% |
| Volatility (ann.) | 287.5% | 405.9% |
| Beta vs S&P 500 | 0.68 | 2.99 |
| Max drawdown (3Y) | -99.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCUV | IPW |
|---|---|---|
| 2022 | -27.7% | -83.2% |
| 2023 | -65.8% | +12.5% |
| 2024 | -76.0% | +85.1% |
| 2025 | -76.9% | -70.1% |
| 2026 | -67.8% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCUV and IPW good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FCUV and IPW?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.92 over the last year and 0.66 over 5 years.
Is IPW a good diversifier for FCUV?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
A reading of 0.69 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/fcuv-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcuv-vs-ipw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCUV correlations · IPW correlations
