HAO vs TPR: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and Tapestry, Inc. (TPR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and TPR?
Over the past 3 years, HAO and TPR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.22 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -19503.5 %².
Within HAO's tracked universe of 26 assets, TPR comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TPR ahead by 121.5 points (-97.9% versus +23.6%). Note the risk asymmetry: HAO runs 60.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TPR: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -97.9% | +23.6% |
| 5-year return | n/a | +240.1% |
| Volatility (ann.) | 2273.9% | 37.8% |
| Beta vs S&P 500 | -2.44 | 1.05 |
| Max drawdown (3Y) | -100.0% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | HAO | TPR |
|---|---|---|
| 2022 | – | -3.3% |
| 2023 | – | +0.2% |
| 2024 | – | +82.8% |
| 2025 | +613.3% | +98.7% |
| 2026 | -97.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and TPR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAO and TPR?
The HAO/TPR correlation stands at -0.22 on a 3-year window (1 year: -0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TPR a good diversifier for HAO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hao-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAO correlations · TPR correlations
