FOXX vs GITS: Correlation
Measured on weekly returns over the past three years, Foxx Development Holdings Inc. (FOXX) and Global Interactive Technologies, Inc. (GITS) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and GITS?
Across a 3-year window, the weekly returns of FOXX and GITS correlate at 0.47, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.47). Stretching to 5 years gives n/a, with an annualized covariance of 68599.1 %².
GITS is one of the assets that tracks FOXX most closely: it ranks #1 out of the 25 assets we track against FOXX. The last year tells two different stories: GITS led by 32.2 percentage points, -54.3% for FOXX against -22.1% for GITS. Note the risk asymmetry: GITS runs 12.4 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.
FOXX vs GITS: side by side
| FOXX (Foxx Development Holdings Inc.) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | -54.3% | -22.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 108.9% | 1352.0% |
| Beta vs S&P 500 | -0.69 | -3.91 |
| Max drawdown (3Y) | -87.3% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | GITS |
|---|---|---|
| 2023 | +8.2% | – |
| 2024 | -48.4% | -69.5% |
| 2025 | -18.7% | +186.6% |
| 2026 | -40.9% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and GITS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOXX and GITS?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is GITS a good diversifier for FOXX?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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.
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$ curl https://www.pairbook.io/api/v1/pairs/foxx-vs-gits.json
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Related comparisons
Hubs: FOXX correlations · GITS correlations
