HAO vs SXTC: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and SXTC?
On 3 years of weekly data the HAO/SXTC correlation comes out at 0.79, strong. The link has tightened recently: the 1-year correlation (0.99) runs above the 3-year figure (0.79). The 5-year figure is n/a, and annualized covariance runs at 13537637.7 %².
Few assets follow HAO as closely as SXTC, which ranks #2 of 26 tracked partners. Twelve-month performance is nearly a tie, at -97.9% for HAO and -98.4% for SXTC. One caveat on sizing: SXTC is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SXTC: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | -97.9% | -98.4% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 2273.9% | 6970.7% |
| Beta vs S&P 500 | -2.44 | 6.97 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | SXTC |
|---|---|---|
| 2022 | – | -16.6% |
| 2023 | – | -70.7% |
| 2024 | – | -87.2% |
| 2025 | +613.3% | +215.0% |
| 2026 | -97.7% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and SXTC good diversifiers for each other?
Only partially. A correlation of 0.79 means HAO and SXTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HAO and SXTC?
The HAO/SXTC correlation stands at 0.79 on a 3-year window (1 year: 0.99, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SXTC a good diversifier for HAO?
Only partially. A correlation of 0.79 means HAO and SXTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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/hao-vs-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAO correlations · SXTC correlations
