HAO vs UPS: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and United Parcel Service (UPS) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and UPS?
Across a 3-year window, the weekly returns of HAO and UPS correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -17727.8 %².
Among the 26 assets we track against HAO, UPS ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UPS outperformed by 126.1 percentage points (-97.9% for HAO against +28.2% for UPS). Risk is not evenly split, since HAO carries 77.3 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 UPS: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | UPS (United Parcel Service) | |
|---|---|---|
| 1-year return | -97.9% | +28.2% |
| 5-year return | n/a | -31.0% |
| Volatility (ann.) | 2273.9% | 29.4% |
| Beta vs S&P 500 | -2.44 | 0.81 |
| Max drawdown (3Y) | -100.0% | -46.5% |
| Market cap | – | $89.9B |
| P/E (trailing) | – | 19.6 |
| Dividend yield | 0.00% | 6.21% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HAO | UPS |
|---|---|---|
| 2022 | – | -16.2% |
| 2023 | – | -6.0% |
| 2024 | – | -15.9% |
| 2025 | +613.3% | -15.9% |
| 2026 | -97.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and UPS good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAO and UPS?
As of 2026-08-27, the correlation of weekly returns between HAO and UPS is -0.26 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is UPS a good diversifier for HAO?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: HAO correlations · UPS correlations
