AGL vs FSLY: Correlation
How closely do agilon health, inc. (AGL) and Fastly, Inc. (FSLY) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and FSLY?
Across a 3-year window, the weekly returns of AGL and FSLY correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.25). Stretching to 5 years gives -0.12, with an annualized covariance of -3192.0 %².
FSLY is close to the least connected end of AGL's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with FSLY ahead by 39.2 points (+189.8% versus +229.0%).
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.
AGL vs FSLY: side by side
| AGL (agilon health, inc.) | FSLY (Fastly, Inc.) | |
|---|---|---|
| 1-year return | +189.8% | +229.0% |
| 5-year return | -90.0% | -43.5% |
| Volatility (ann.) | 126.1% | 101.8% |
| Beta vs S&P 500 | 1.73 | 1.26 |
| Max drawdown (3Y) | -98.4% | -80.0% |
| Market cap | $1.6B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGL | FSLY |
|---|---|---|
| 2022 | -40.2% | -76.9% |
| 2023 | -22.2% | +117.3% |
| 2024 | -84.9% | -47.0% |
| 2025 | -63.7% | +7.8% |
| 2026 | +446.8% | +142.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and FSLY good diversifiers for each other?
Yes. With a correlation of -0.25, AGL and FSLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGL and FSLY?
The AGL/FSLY correlation stands at -0.25 on a 3-year window (1 year: -0.47, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is FSLY a good diversifier for AGL?
Yes. With a correlation of -0.25, AGL and FSLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/agl-vs-fsly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agl-vs-fsly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGL correlations · FSLY correlations
