FTFT vs RARE: Correlation
Measured on weekly returns over the past three years, Future FinTech Group Inc. (FTFT) and Ultragenyx Pharmaceutical Inc. (RARE) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTFT and RARE?
Across a 3-year window, the weekly returns of FTFT and RARE correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.21) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.10, with an annualized covariance of -1574.7 %².
Out of 19 assets tracked against FTFT, RARE lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months RARE outperformed by 85.7 percentage points (-98.4% for FTFT against -12.7% for RARE). Note the risk asymmetry: FTFT runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FTFT vs RARE: side by side
| FTFT (Future FinTech Group Inc.) | RARE (Ultragenyx Pharmaceutical Inc.) | |
|---|---|---|
| 1-year return | -98.4% | -12.7% |
| 5-year return | -100.0% | -72.6% |
| Volatility (ann.) | 154.7% | 51.1% |
| Beta vs S&P 500 | 0.87 | 1.38 |
| Max drawdown (3Y) | -99.8% | -68.8% |
| Market cap | – | $2.6B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTFT | RARE |
|---|---|---|
| 2022 | -72.2% | -44.9% |
| 2023 | -1.1% | +3.2% |
| 2024 | -83.1% | -12.0% |
| 2025 | -75.2% | -45.3% |
| 2026 | -95.3% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTFT and RARE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTFT and RARE?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.21 over the last year and -0.10 over 5 years.
Is RARE a good diversifier for FTFT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/ftft-vs-rare.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftft-vs-rare/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTFT correlations · RARE correlations
