FOXX vs OPAD: Correlation
Foxx Development Holdings Inc. (FOXX) and Offerpad Solutions Inc. (OPAD) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and OPAD?
Over the past 3 years, FOXX and OPAD moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 20704.4 %².
Among the 25 assets we track against FOXX, OPAD ranks #4 by 3-year correlation. The last year tells two different stories: OPAD led by 87.6 percentage points, -54.3% for FOXX against +33.3% for OPAD. One caveat on sizing: OPAD is 4.0 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 OPAD: side by side
| FOXX (Foxx Development Holdings Inc.) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -54.3% | +33.3% |
| 5-year return | n/a | -96.7% |
| Volatility (ann.) | 108.9% | 440.7% |
| Beta vs S&P 500 | -0.69 | -1.25 |
| Max drawdown (3Y) | -87.3% | -95.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | OPAD |
|---|---|---|
| 2022 | – | -92.8% |
| 2023 | +8.2% | +48.2% |
| 2024 | -48.4% | -72.2% |
| 2025 | -18.7% | -57.5% |
| 2026 | -40.9% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and OPAD good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FOXX and OPAD?
As of 2026-08-27, the correlation of weekly returns between FOXX and OPAD is 0.43 over 3 years, 0.68 over 1 year and 0.43 over 5 years.
Is OPAD a good diversifier for FOXX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxx-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOXX correlations · OPAD correlations
