FOXX vs MU: Correlation
How closely do Foxx Development Holdings Inc. (FOXX) and Micron Technology (MU) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and MU?
Over the past 3 years, FOXX and MU moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -1736.0 %².
Out of 25 assets tracked against FOXX, MU lands near the bottom at #22. Their recent paths diverged sharply: over the last 12 months MU outperformed by 750.0 percentage points (-54.3% for FOXX against +695.7% for MU). Risk is not evenly split, since FOXX carries 1.7 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.
FOXX vs MU: side by side
| FOXX (Foxx Development Holdings Inc.) | MU (Micron Technology) | |
|---|---|---|
| 1-year return | -54.3% | +695.7% |
| 5-year return | n/a | +1211.2% |
| Volatility (ann.) | 108.9% | 63.3% |
| Beta vs S&P 500 | -0.69 | 2.47 |
| Max drawdown (3Y) | -87.3% | -57.6% |
| Market cap | – | – |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.06% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FOXX | MU |
|---|---|---|
| 2022 | – | -45.9% |
| 2023 | +8.2% | +71.9% |
| 2024 | -48.4% | -1.0% |
| 2025 | -18.7% | +240.2% |
| 2026 | -40.9% | +227.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and MU good diversifiers for each other?
Yes. With a correlation of -0.25, FOXX and MU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOXX and MU?
As of 2026-08-27, the correlation of weekly returns between FOXX and MU is -0.25 over 3 years, -0.30 over 1 year and -0.24 over 5 years.
Is MU a good diversifier for FOXX?
Yes. With a correlation of -0.25, FOXX and MU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/foxx-vs-mu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/foxx-vs-mu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXX correlations · MU correlations
