FOXX vs OXBR: Correlation
Measured on weekly returns over the past three years, Foxx Development Holdings Inc. (FOXX) and Oxbridge Re Holdings Limited (OXBR) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and OXBR?
Over the past 3 years, FOXX and OXBR moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1736.5 %².
Within FOXX's tracked universe of 25 assets, OXBR comes in at #13 by 3-year correlation. On 12-month performance OXBR holds a 13.9-point edge, -54.3% against -40.4%.
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 OXBR: side by side
| FOXX (Foxx Development Holdings Inc.) | OXBR (Oxbridge Re Holdings Limited) | |
|---|---|---|
| 1-year return | -54.3% | -40.4% |
| 5-year return | n/a | -58.6% |
| Volatility (ann.) | 108.9% | 88.3% |
| Beta vs S&P 500 | -0.69 | 1.20 |
| Max drawdown (3Y) | -87.3% | -87.5% |
| Market cap | – | – |
| P/E (trailing) | – | 63.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | OXBR |
|---|---|---|
| 2022 | – | -78.6% |
| 2023 | +8.2% | -8.3% |
| 2024 | -48.4% | +274.6% |
| 2025 | -18.7% | -68.0% |
| 2026 | -40.9% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and OXBR good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between FOXX and OXBR?
As of 2026-08-27, the correlation of weekly returns between FOXX and OXBR is -0.18 over 3 years, -0.10 over 1 year and -0.14 over 5 years.
Is OXBR a good diversifier for FOXX?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: FOXX correlations · OXBR correlations
