ONFO vs TENX: Correlation
Onfolio Holdings Inc. (ONFO) and Tenax Therapeutics, Inc. (TENX) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONFO and TENX?
On 3 years of weekly data the ONFO/TENX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.67) than the 3-year average (-0.34). The 5-year figure is -0.30, and annualized covariance runs at -181165.1 %².
Out of 10 assets tracked against ONFO, TENX lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months ONFO outperformed by 99.5 percentage points (+36.5% for ONFO against -63.0% for TENX). One caveat on sizing: ONFO is 32.7 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.
ONFO vs TENX: side by side
| ONFO (Onfolio Holdings Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +36.5% | -63.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 4150.5% | 127.0% |
| Beta vs S&P 500 | 6.65 | 0.95 |
| Max drawdown (3Y) | -99.3% | -97.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONFO | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | -66.4% | -87.6% |
| 2024 | +162.7% | -71.9% |
| 2025 | -49.3% | +96.9% |
| 2026 | +109.1% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONFO and TENX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONFO and TENX?
As of 2026-08-27, the correlation of weekly returns between ONFO and TENX is -0.34 over 3 years, -0.67 over 1 year and -0.30 over 5 years.
Is TENX a good diversifier for ONFO?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
A reading of -0.34 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-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/onfo-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONFO correlations · TENX correlations
