APOG vs FUBO: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and FuboTV Inc. (FUBO) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and FUBO?
On 3 years of weekly data the APOG/FUBO correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.35). The 5-year figure is -0.18, and annualized covariance runs at -2375.6 %².
FUBO is close to the least connected end of APOG's tracked universe, ranking #13 of 15. Their recent paths diverged sharply: over the last 12 months APOG outperformed by 69.6 percentage points (-5.7% for APOG against -75.3% for FUBO). Note the risk asymmetry: FUBO runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
APOG vs FUBO: side by side
| APOG (Apogee Enterprises, Inc.) | FUBO (FuboTV Inc.) | |
|---|---|---|
| 1-year return | -5.7% | -75.3% |
| 5-year return | +5.1% | -96.9% |
| Volatility (ann.) | 41.4% | 164.3% |
| Beta vs S&P 500 | 0.88 | 0.34 |
| Max drawdown (3Y) | -62.5% | -87.7% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | 12.7 | 2.7 |
| Dividend yield | 2.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | FUBO |
|---|---|---|
| 2022 | -5.7% | -88.8% |
| 2023 | +22.8% | +82.8% |
| 2024 | +35.8% | -60.4% |
| 2025 | -47.8% | +100.0% |
| 2026 | +14.0% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and FUBO good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APOG and FUBO?
As of 2026-08-27, the correlation of weekly returns between APOG and FUBO is -0.35 over 3 years, -0.05 over 1 year and -0.18 over 5 years.
Is FUBO a good diversifier for APOG?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
A reading of -0.35 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
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Related comparisons
Hubs: APOG correlations · FUBO correlations
