AERT vs FTCI: Correlation
Measured on weekly returns over the past three years, Aeries Technology, Inc. - Class A (AERT) and FTC Solar, Inc. (FTCI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AERT and FTCI?
Across a 3-year window, the weekly returns of AERT and FTCI correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.36 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 4792.4 %².
Few assets follow AERT as closely as FTCI, which ranks #2 of 10 tracked partners. The last year tells two different stories: AERT led by 73.9 percentage points, +11.5% for AERT against -62.4% for FTCI.
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.
AERT vs FTCI: side by side
| AERT (Aeries Technology, Inc. - Class A) | FTCI (FTC Solar, Inc.) | |
|---|---|---|
| 1-year return | +11.5% | -62.4% |
| 5-year return | -91.2% | -97.8% |
| Volatility (ann.) | 108.4% | 122.6% |
| Beta vs S&P 500 | 0.78 | 2.61 |
| Max drawdown (3Y) | -97.4% | -90.4% |
| Market cap | – | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AERT | FTCI |
|---|---|---|
| 2022 | +4.7% | -64.6% |
| 2023 | -75.5% | -74.1% |
| 2024 | -62.8% | -20.5% |
| 2025 | -44.5% | +98.0% |
| 2026 | +66.4% | -77.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AERT and FTCI 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 AERT and FTCI?
The AERT/FTCI correlation stands at 0.36 on a 3-year window (1 year: 0.14, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is FTCI a good diversifier for AERT?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aert-vs-ftci.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aert-vs-ftci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AERT correlations · FTCI correlations
