FOXX vs PPCB: Correlation
Foxx Development Holdings Inc. (FOXX) and Propanc Biopharma, Inc. (PPCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and PPCB?
Across a 3-year window, the weekly returns of FOXX and PPCB correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.47, with an annualized covariance of 49440650.7 %².
In FOXX's tracked universe of 25 assets, PPCB sits right near the top at #2. The last year tells two different stories: FOXX led by 42.7 percentage points, -54.3% for FOXX against -97.0% for PPCB. One caveat on sizing: PPCB is 8835.6 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 PPCB: side by side
| FOXX (Foxx Development Holdings Inc.) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -54.3% | -97.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 108.9% | 962193.8% |
| Beta vs S&P 500 | -0.69 | -3746.20 |
| Max drawdown (3Y) | -87.3% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | PPCB |
|---|---|---|
| 2022 | – | -98.6% |
| 2023 | +8.2% | -98.0% |
| 2024 | -48.4% | -98.3% |
| 2025 | -18.7% | +134050.0% |
| 2026 | -40.9% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and PPCB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOXX and PPCB?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with -0.11 over the last year and 0.47 over 5 years.
Is PPCB a good diversifier for FOXX?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/foxx-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOXX correlations · PPCB correlations
