SXTC vs TENX: Correlation
How closely do China SXT Pharmaceuticals, Inc. - Class A (SXTC) and Tenax Therapeutics, Inc. (TENX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SXTC and TENX?
Across a 3-year window, the weekly returns of SXTC and TENX correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.63 versus -0.33 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -290126.4 %².
Among the 29 assets we track against SXTC, TENX sits near the bottom by co-movement, at rank #27. The last year tells two different stories: TENX led by 35.4 percentage points, -98.4% for SXTC against -63.0% for TENX. Risk is not evenly split, since SXTC carries 54.9 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.
SXTC vs TENX: side by side
| SXTC (China SXT Pharmaceuticals, Inc. - Class A) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -98.4% | -63.0% |
| 5-year return | -99.9% | -99.9% |
| Volatility (ann.) | 6970.7% | 127.0% |
| Beta vs S&P 500 | 6.97 | 0.95 |
| Max drawdown (3Y) | -100.0% | -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 | SXTC | TENX |
|---|---|---|
| 2022 | -16.6% | -89.3% |
| 2023 | -70.7% | -87.6% |
| 2024 | -87.2% | -71.9% |
| 2025 | +215.0% | +96.9% |
| 2026 | -98.6% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SXTC and TENX good diversifiers for each other?
Yes. With a correlation of -0.33, SXTC and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SXTC and TENX?
As of 2026-08-27, the correlation of weekly returns between SXTC and TENX is -0.33 over 3 years, -0.63 over 1 year and -0.27 over 5 years.
Is TENX a good diversifier for SXTC?
Yes. With a correlation of -0.33, SXTC and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sxtc-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sxtc-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SXTC correlations · TENX correlations
