ASTH vs FLYW: Correlation
How closely do Astrana Health Inc. (ASTH) and Flywire Corporation - Voting (FLYW) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTH and FLYW?
Over the past 3 years, ASTH and FLYW moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.45 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 1392.7 %².
Few assets follow ASTH as closely as FLYW, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with FLYW ahead by 20.0 points (+23.1% versus +43.1%).
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.
ASTH vs FLYW: side by side
| ASTH (Astrana Health Inc.) | FLYW (Flywire Corporation - Voting) | |
|---|---|---|
| 1-year return | +23.1% | +43.1% |
| 5-year return | -46.1% | -57.5% |
| Volatility (ann.) | 56.8% | 54.1% |
| Beta vs S&P 500 | 1.15 | 1.13 |
| Max drawdown (3Y) | -71.0% | -75.7% |
| Market cap | $1.9B | $2.3B |
| P/E (trailing) | 47.4 | 69.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTH | FLYW |
|---|---|---|
| 2022 | -59.7% | -35.7% |
| 2023 | +29.4% | -5.4% |
| 2024 | -17.7% | -10.9% |
| 2025 | -21.3% | -31.3% |
| 2026 | +54.8% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTH and FLYW good diversifiers for each other?
Reasonably. At 0.45, ASTH and FLYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASTH and FLYW?
The ASTH/FLYW correlation stands at 0.45 on a 3-year window (1 year: 0.56, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is FLYW a good diversifier for ASTH?
Reasonably. At 0.45, ASTH and FLYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/asth-vs-flyw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asth-vs-flyw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTH correlations · FLYW correlations
