FTFT vs WKHS: Correlation
Future FinTech Group Inc. (FTFT) and Workhorse Group, Inc. (WKHS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTFT and WKHS?
Over the past 3 years, FTFT and WKHS moved with a correlation of 0.69, which is strong. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.69). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 16811.1 %².
WKHS is one of the assets that tracks FTFT most closely: it ranks #3 out of the 19 assets we track against FTFT. The last year tells two different stories: WKHS led by 17.8 percentage points, -98.4% for FTFT against -80.6% for WKHS.
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 WKHS: side by side
| FTFT (Future FinTech Group Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | -98.4% | -80.6% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 154.7% | 157.8% |
| Beta vs S&P 500 | 0.87 | 1.44 |
| Max drawdown (3Y) | -99.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTFT | WKHS |
|---|---|---|
| 2022 | -72.2% | -65.1% |
| 2023 | -1.1% | -76.3% |
| 2024 | -83.1% | -90.3% |
| 2025 | -75.2% | -95.1% |
| 2026 | -95.3% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTFT and WKHS good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTFT and WKHS?
The FTFT/WKHS correlation stands at 0.69 on a 3-year window (1 year: -0.09, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is WKHS a good diversifier for FTFT?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftft-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftft-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTFT correlations · WKHS correlations
