FOXX vs HPQ: Correlation
How closely do Foxx Development Holdings Inc. (FOXX) and HP Inc. (HPQ) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and HPQ?
On 3 years of weekly data the FOXX/HPQ correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -610.9 %².
By 3-year correlation, HPQ places #8 of the 25 assets tracked against FOXX. Their recent paths diverged sharply: over the last 12 months HPQ outperformed by 69.2 percentage points (-54.3% for FOXX against +14.9% for HPQ). One caveat on sizing: FOXX is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HPQ: side by side
| FOXX (Foxx Development Holdings Inc.) | HPQ (HP Inc.) | |
|---|---|---|
| 1-year return | -54.3% | +14.9% |
| 5-year return | n/a | +19.9% |
| Volatility (ann.) | 108.9% | 34.2% |
| Beta vs S&P 500 | -0.69 | 1.15 |
| Max drawdown (3Y) | -87.3% | -51.2% |
| Market cap | – | $26.7B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FOXX | HPQ |
|---|---|---|
| 2022 | – | -26.4% |
| 2023 | +8.2% | +16.1% |
| 2024 | -48.4% | +12.1% |
| 2025 | -18.7% | -28.7% |
| 2026 | -40.9% | +36.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and HPQ good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXX and HPQ?
As of 2026-08-27, the correlation of weekly returns between FOXX and HPQ is -0.16 over 3 years, -0.25 over 1 year and -0.15 over 5 years.
Is HPQ a good diversifier for FOXX?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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/foxx-vs-hpq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/foxx-vs-hpq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXX correlations · HPQ correlations
