FOXX vs PKG: Correlation
Measured on weekly returns over the past three years, Foxx Development Holdings Inc. (FOXX) and Packaging Corporation of America (PKG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and PKG?
Over the past 3 years, FOXX and PKG moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.21 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -540.1 %².
By 3-year correlation, PKG places #17 of the 25 assets tracked against FOXX. The last year tells two different stories: PKG led by 72.8 percentage points, -54.3% for FOXX against +18.5% for PKG. Risk is not evenly split, since FOXX carries 4.6 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 PKG: side by side
| FOXX (Foxx Development Holdings Inc.) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | -54.3% | +18.5% |
| 5-year return | n/a | +86.8% |
| Volatility (ann.) | 108.9% | 23.5% |
| Beta vs S&P 500 | -0.69 | 0.52 |
| Max drawdown (3Y) | -87.3% | -28.4% |
| Market cap | – | $21.7B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 2.13% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | FOXX | PKG |
|---|---|---|
| 2022 | – | -2.6% |
| 2023 | +8.2% | +31.9% |
| 2024 | -48.4% | +41.7% |
| 2025 | -18.7% | -6.1% |
| 2026 | -40.9% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and PKG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FOXX and PKG?
As of 2026-08-27, the correlation of weekly returns between FOXX and PKG is -0.21 over 3 years, 0.04 over 1 year and -0.17 over 5 years.
Is PKG a good diversifier for FOXX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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 · PKG correlations
