FUFU vs MGLD: Correlation
How closely do BitFuFu Inc. - Class A (FUFU) and The Marygold Companies, Inc. (MGLD) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUFU and MGLD?
Over the past 3 years, FUFU and MGLD moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1547.9 %².
MGLD is close to the least connected end of FUFU's tracked universe, ranking #11 of 11. The last year tells two different stories: MGLD led by 72.4 percentage points, -63.7% for FUFU against +8.7% for MGLD.
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.
FUFU vs MGLD: side by side
| FUFU (BitFuFu Inc. - Class A) | MGLD (The Marygold Companies, Inc.) | |
|---|---|---|
| 1-year return | -63.7% | +8.7% |
| 5-year return | -85.4% | -70.5% |
| Volatility (ann.) | 84.0% | 77.2% |
| Beta vs S&P 500 | 1.01 | -0.28 |
| Max drawdown (3Y) | -90.4% | -66.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUFU | MGLD |
|---|---|---|
| 2022 | +3.5% | – |
| 2023 | +8.0% | -29.3% |
| 2024 | -54.6% | +66.0% |
| 2025 | -46.7% | -49.8% |
| 2026 | -46.2% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUFU and MGLD good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUFU and MGLD?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.40 over the last year and -0.19 over 5 years.
Is MGLD a good diversifier for FUFU?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fufu-vs-mgld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fufu-vs-mgld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUFU correlations · MGLD correlations
