AIHS vs FBLG: Correlation
Senmiao Technology Limited (AIHS) and FibroBiologics, Inc. (FBLG) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and FBLG?
Across a 3-year window, the weekly returns of AIHS and FBLG correlate at 0.29, weak. Recent behaviour matches the longer record: 0.36 over 1 year against 0.29 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 3331.6 %².
In AIHS's tracked universe of 19 assets, FBLG sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months AIHS outperformed by 29.3 percentage points (-58.3% for AIHS against -87.6% for FBLG). Risk is not evenly split, since FBLG carries 1.7 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.
AIHS vs FBLG: side by side
| AIHS (Senmiao Technology Limited) | FBLG (FibroBiologics, Inc.) | |
|---|---|---|
| 1-year return | -58.3% | -87.6% |
| 5-year return | -97.9% | n/a |
| Volatility (ann.) | 85.8% | 150.1% |
| Beta vs S&P 500 | -0.01 | 0.40 |
| Max drawdown (3Y) | -93.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIHS | FBLG |
|---|---|---|
| 2022 | -75.6% | – |
| 2023 | -54.6% | – |
| 2024 | +161.0% | – |
| 2025 | -90.0% | -88.8% |
| 2026 | +22.4% | -66.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and FBLG good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIHS and FBLG?
The AIHS/FBLG correlation stands at 0.29 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FBLG a good diversifier for AIHS?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
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Related comparisons
Hubs: AIHS correlations · FBLG correlations
