CAPR vs FLYE: Correlation
Measured on weekly returns over the past three years, Capricor Therapeutics, Inc. (CAPR) and Fly-E Group, Inc. (FLYE) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPR and FLYE?
Across a 3-year window, the weekly returns of CAPR and FLYE correlate at 0.37, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 17517.4 %².
Within CAPR's tracked universe of 17 assets, FLYE comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CAPR outperformed by 150.0 percentage points (+61.0% for CAPR against -89.0% for FLYE). One caveat on sizing: CAPR is 1.8 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.
CAPR vs FLYE: side by side
| CAPR (Capricor Therapeutics, Inc.) | FLYE (Fly-E Group, Inc.) | |
|---|---|---|
| 1-year return | +61.0% | -89.0% |
| 5-year return | +132.9% | n/a |
| Volatility (ann.) | 272.5% | 153.0% |
| Beta vs S&P 500 | 2.07 | 1.73 |
| Max drawdown (3Y) | -89.1% | -99.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPR | FLYE |
|---|---|---|
| 2022 | +31.7% | – |
| 2023 | +26.7% | – |
| 2024 | +182.2% | – |
| 2025 | +109.1% | -92.1% |
| 2026 | -65.1% | -74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPR and FLYE good diversifiers for each other?
Reasonably. At 0.37, CAPR and FLYE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAPR and FLYE?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is FLYE a good diversifier for CAPR?
Reasonably. At 0.37, CAPR and FLYE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: CAPR correlations · FLYE correlations
