FHTX vs HOLO: Correlation
How closely do Foghorn Therapeutics Inc. (FHTX) and MicroCloud Hologram Inc. (HOLO) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHTX and HOLO?
Over the past 3 years, FHTX and HOLO moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 39782.5 %².
Few assets follow FHTX as closely as HOLO, which ranks #1 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with FHTX ahead by 74.6 points (+15.0% versus -59.6%). Risk is not evenly split, since HOLO carries 6.3 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.
FHTX vs HOLO: side by side
| FHTX (Foghorn Therapeutics Inc.) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +15.0% | -59.6% |
| 5-year return | -49.1% | -100.0% |
| Volatility (ann.) | 103.7% | 648.5% |
| Beta vs S&P 500 | 2.17 | 3.02 |
| Max drawdown (3Y) | -68.5% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHTX | HOLO |
|---|---|---|
| 2022 | -72.1% | -77.2% |
| 2023 | +1.1% | -84.4% |
| 2024 | -26.8% | -93.1% |
| 2025 | +14.4% | -98.7% |
| 2026 | +15.2% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHTX and HOLO good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FHTX and HOLO?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.28 over the last year and 0.48 over 5 years.
Is HOLO a good diversifier for FHTX?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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
$ curl https://www.pairbook.io/api/v1/pairs/fhtx-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fhtx-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FHTX correlations · HOLO correlations
