HAO vs PII: Correlation
Haoxi Health Technology Limited - Class A Ord Share (HAO) and Polaris Inc. (PII) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and PII?
On 3 years of weekly data the HAO/PII correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -17611.1 %².
Within HAO's tracked universe of 26 assets, PII comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PII outperformed by 113.7 percentage points (-97.9% for HAO against +15.8% for PII). Risk is not evenly split, since HAO carries 58.3 times the volatility of the other side.
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.
HAO vs PII: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | PII (Polaris Inc.) | |
|---|---|---|
| 1-year return | -97.9% | +15.8% |
| 5-year return | n/a | -39.0% |
| Volatility (ann.) | 2273.9% | 39.0% |
| Beta vs S&P 500 | -2.44 | 1.07 |
| Max drawdown (3Y) | -100.0% | -70.4% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | PII |
|---|---|---|
| 2022 | – | -6.0% |
| 2023 | – | -3.8% |
| 2024 | – | -37.2% |
| 2025 | +613.3% | +15.9% |
| 2026 | -97.7% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and PII good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAO and PII?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is PII a good diversifier for HAO?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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
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Related comparisons
Hubs: HAO correlations · PII correlations
