AVTX vs FLYX: Correlation
How closely do Avalo Therapeutics, Inc. (AVTX) and flyExclusive, Inc. (FLYX) 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 AVTX and FLYX?
Over the past 3 years, AVTX and FLYX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6338.7 %².
Out of 17 assets tracked against AVTX, FLYX lands near the bottom at #15. The last year tells two different stories: AVTX led by 177.5 percentage points, +107.8% for AVTX against -69.7% for FLYX. One caveat on sizing: AVTX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVTX vs FLYX: side by side
| AVTX (Avalo Therapeutics, Inc.) | FLYX (flyExclusive, Inc.) | |
|---|---|---|
| 1-year return | +107.8% | -69.7% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 225.5% | 110.3% |
| Beta vs S&P 500 | 1.22 | 0.67 |
| Max drawdown (3Y) | -93.3% | -94.3% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | FLYX |
|---|---|---|
| 2022 | -75.3% | – |
| 2023 | -99.2% | – |
| 2024 | -18.4% | -42.7% |
| 2025 | +144.4% | +30.5% |
| 2026 | +10.4% | -68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and FLYX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVTX and FLYX?
The AVTX/FLYX correlation stands at -0.25 on a 3-year window (1 year: 0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FLYX a good diversifier for AVTX?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avtx-vs-flyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtx-vs-flyx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVTX correlations · FLYX correlations
