ONFO vs RCON: Correlation
Measured on weekly returns over the past three years, Onfolio Holdings Inc. (ONFO) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of 0.96, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONFO and RCON?
On 3 years of weekly data the ONFO/RCON correlation comes out at 0.96, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.96 lands near the 3-year figure. The 5-year figure is 0.96, and annualized covariance runs at 54540759.1 %².
Among the 10 assets we track against ONFO, RCON ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ONFO ahead by 59.1 points (+36.5% versus -22.6%). Note the risk asymmetry: RCON runs 3.3 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.
ONFO vs RCON: side by side
| ONFO (Onfolio Holdings Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +36.5% | -22.6% |
| 5-year return | n/a | -97.1% |
| Volatility (ann.) | 4150.5% | 13728.9% |
| Beta vs S&P 500 | 6.65 | 22.04 |
| Max drawdown (3Y) | -99.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONFO | RCON |
|---|---|---|
| 2022 | – | -3.8% |
| 2023 | -66.4% | -81.7% |
| 2024 | +162.7% | -49.5% |
| 2025 | -49.3% | -24.4% |
| 2026 | +109.1% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONFO and RCON good diversifiers for each other?
Not really. At 0.96, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ONFO and RCON?
Using weekly returns as of 2026-08-27: 0.96 over 3 years, with 0.96 over the last year and 0.96 over 5 years.
Is RCON a good diversifier for ONFO?
Not really. At 0.96, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.96 mean?
A reading of 0.96 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/onfo-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onfo-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ONFO correlations · RCON correlations
