FXHO vs PRAX: Correlation
UTime Limited - Class A (FXHO) and Praxis Precision Medicines, Inc. (PRAX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXHO and PRAX?
Over the past 3 years, FXHO and PRAX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.27 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -7972.3 %².
PRAX is close to the least connected end of FXHO's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months PRAX outperformed by 783.8 percentage points (-99.8% for FXHO against +684.0% for PRAX).
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.
FXHO vs PRAX: side by side
| FXHO (UTime Limited - Class A) | PRAX (Praxis Precision Medicines, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | +684.0% |
| 5-year return | -100.0% | +28.6% |
| Volatility (ann.) | 175.7% | 170.9% |
| Beta vs S&P 500 | 1.88 | 2.13 |
| Max drawdown (3Y) | -100.0% | -68.6% |
| Market cap | $0.3B | $10.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXHO | PRAX |
|---|---|---|
| 2022 | -66.6% | -87.9% |
| 2023 | -69.2% | -37.6% |
| 2024 | -95.4% | +245.4% |
| 2025 | -99.7% | +283.0% |
| 2026 | -80.2% | +24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXHO and PRAX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between FXHO and PRAX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.42 over the last year and -0.21 over 5 years.
Is PRAX a good diversifier for FXHO?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/fxho-vs-prax.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fxho-vs-prax/)
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Related comparisons
Hubs: FXHO correlations · PRAX correlations
