STKE vs UPXI: Correlation
Sol Strategies Inc. (STKE) and Upexi, Inc. (UPXI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STKE and UPXI?
On 3 years of weekly data the STKE/UPXI correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.36 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 24611.0 %².
Within STKE's tracked universe of 11 assets, UPXI comes in at #5 by 3-year correlation. Their 12-month results are close: -82.0% for STKE against -85.9% for UPXI. Risk is not evenly split, since UPXI carries 1.9 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.
STKE vs UPXI: side by side
| STKE (Sol Strategies Inc.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -82.0% | -85.9% |
| 5-year return | +19.6% | -98.9% |
| Volatility (ann.) | 187.9% | 364.4% |
| Beta vs S&P 500 | 3.39 | 5.11 |
| Max drawdown (3Y) | -97.4% | -98.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STKE | UPXI |
|---|---|---|
| 2022 | -63.5% | -25.4% |
| 2023 | +62.0% | -61.3% |
| 2024 | +2467.9% | -84.9% |
| 2025 | -90.8% | -52.1% |
| 2026 | -12.4% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STKE and UPXI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between STKE and UPXI?
The STKE/UPXI correlation stands at 0.36 on a 3-year window (1 year: 0.54, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is UPXI a good diversifier for STKE?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: STKE correlations · UPXI correlations
