FXHO vs TVRD: Correlation
UTime Limited - Class A (FXHO) and Tvardi Therapeutics, Inc. (TVRD) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXHO and TVRD?
Across a 3-year window, the weekly returns of FXHO and TVRD correlate at 0.31, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.31 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 6550.7 %².
TVRD is one of the assets that tracks FXHO most closely: it ranks #3 out of the 12 assets we track against FXHO. Over the last 12 months TVRD came out ahead by 5.7 percentage points (-99.8% against -94.1%).
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 TVRD: side by side
| FXHO (UTime Limited - Class A) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | -94.1% |
| 5-year return | -100.0% | -99.7% |
| Volatility (ann.) | 175.7% | 119.7% |
| Beta vs S&P 500 | 1.88 | 1.39 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXHO | TVRD |
|---|---|---|
| 2022 | -66.6% | -11.8% |
| 2023 | -69.2% | -93.1% |
| 2024 | -95.4% | -31.4% |
| 2025 | -99.7% | -76.6% |
| 2026 | -80.2% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXHO and TVRD good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FXHO and TVRD?
As of 2026-08-27, the correlation of weekly returns between FXHO and TVRD is 0.31 over 3 years, 0.54 over 1 year and 0.26 over 5 years.
Is TVRD a good diversifier for FXHO?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/fxho-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fxho-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FXHO correlations · TVRD correlations
