ONFO vs SXTC: Correlation
How closely do Onfolio Holdings Inc. (ONFO) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) trade together? Their weekly returns over three years give a correlation of 0.99, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONFO and SXTC?
On 3 years of weekly data the ONFO/SXTC correlation comes out at 0.99, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 1.00 lands near the 3-year figure. The 5-year figure is 0.99, and annualized covariance runs at 28665429.0 %².
In ONFO's tracked universe of 10 assets, SXTC sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ONFO outperformed by 134.9 percentage points (+36.5% for ONFO against -98.4% for SXTC). Note the risk asymmetry: SXTC runs 1.7 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 SXTC: side by side
| ONFO (Onfolio Holdings Inc.) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | +36.5% | -98.4% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 4150.5% | 6970.7% |
| Beta vs S&P 500 | 6.65 | 6.97 |
| 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 | SXTC |
|---|---|---|
| 2022 | – | -16.6% |
| 2023 | -66.4% | -70.7% |
| 2024 | +162.7% | -87.2% |
| 2025 | -49.3% | +215.0% |
| 2026 | +109.1% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONFO and SXTC good diversifiers for each other?
No. With a correlation of 0.99, ONFO and SXTC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ONFO and SXTC?
The ONFO/SXTC correlation stands at 0.99 on a 3-year window (1 year: 1.00, 5 years: 0.99), computed from weekly returns as of 2026-08-27.
Is SXTC a good diversifier for ONFO?
No. With a correlation of 0.99, ONFO and SXTC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.99 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onfo-vs-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/onfo-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONFO correlations · SXTC correlations
