FOXF vs MNPR: Correlation
Fox Factory Holding Corp. (FOXF) and Monopar Therapeutics Inc. (MNPR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXF and MNPR?
On 3 years of weekly data the FOXF/MNPR correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.27). The 5-year figure is -0.20, and annualized covariance runs at -3145.4 %².
Out of 13 assets tracked against FOXF, MNPR lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months MNPR outperformed by 256.3 percentage points (-29.0% for FOXF against +227.3% for MNPR). Note the risk asymmetry: MNPR runs 4.3 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.
FOXF vs MNPR: side by side
| FOXF (Fox Factory Holding Corp.) | MNPR (Monopar Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +227.3% |
| 5-year return | -86.3% | +365.1% |
| Volatility (ann.) | 52.1% | 225.0% |
| Beta vs S&P 500 | 1.04 | 1.74 |
| Max drawdown (3Y) | -88.1% | -67.3% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXF | MNPR |
|---|---|---|
| 2022 | -46.4% | -26.2% |
| 2023 | -26.0% | -85.7% |
| 2024 | -55.1% | +1194.1% |
| 2025 | -43.5% | +196.8% |
| 2026 | +23.3% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXF and MNPR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXF and MNPR?
The FOXF/MNPR correlation stands at -0.27 on a 3-year window (1 year: 0.06, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is MNPR a good diversifier for FOXF?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/foxf-vs-mnpr.json
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Related comparisons
Hubs: FOXF correlations · MNPR correlations
