FOXX vs USIO: Correlation
Foxx Development Holdings Inc. (FOXX) and Usio, Inc. (USIO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and USIO?
Over the past 3 years, FOXX and USIO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.23). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1467.1 %².
USIO is close to the least connected end of FOXX's tracked universe, ranking #21 of 25. Their recent paths diverged sharply: over the last 12 months USIO outperformed by 137.4 percentage points (-54.3% for FOXX against +83.1% for USIO). One caveat on sizing: FOXX is 1.8 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 USIO: side by side
| FOXX (Foxx Development Holdings Inc.) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | -54.3% | +83.1% |
| 5-year return | n/a | -54.6% |
| Volatility (ann.) | 108.9% | 58.9% |
| Beta vs S&P 500 | -0.69 | 0.35 |
| Max drawdown (3Y) | -87.3% | -59.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXX | USIO |
|---|---|---|
| 2022 | – | -62.2% |
| 2023 | +8.2% | +4.2% |
| 2024 | -48.4% | -15.1% |
| 2025 | -18.7% | -6.8% |
| 2026 | -40.9% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and USIO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXX and USIO?
As of 2026-08-27, the correlation of weekly returns between FOXX and USIO is -0.23 over 3 years, -0.11 over 1 year and -0.20 over 5 years.
Is USIO a good diversifier for FOXX?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-usio.json
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Related comparisons
Hubs: FOXX correlations · USIO correlations
