CAPS vs FLD: Correlation
Measured on weekly returns over the past three years, Capstone Holding Corp. (CAPS) and Fold Holdings, Inc. (FLD) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPS and FLD?
Over the past 3 years, CAPS and FLD moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.26). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -1680.2 %².
Out of 10 assets tracked against CAPS, FLD lands near the bottom at #10. Twelve-month performance is nearly a tie, at -85.0% for CAPS and -83.6% for FLD.
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.
CAPS vs FLD: side by side
| CAPS (Capstone Holding Corp.) | FLD (Fold Holdings, Inc.) | |
|---|---|---|
| 1-year return | -85.0% | -83.6% |
| 5-year return | -99.2% | -93.7% |
| Volatility (ann.) | 81.8% | 78.8% |
| Beta vs S&P 500 | 0.82 | 0.49 |
| Max drawdown (3Y) | -97.5% | -96.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPS | FLD |
|---|---|---|
| 2022 | +114.5% | – |
| 2023 | -85.9% | +5.3% |
| 2024 | -56.9% | +5.2% |
| 2025 | -67.4% | -76.5% |
| 2026 | -74.7% | -76.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPS and FLD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAPS and FLD?
As of 2026-08-27, the correlation of weekly returns between CAPS and FLD is -0.26 over 3 years, -0.06 over 1 year and -0.23 over 5 years.
Is FLD a good diversifier for CAPS?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/caps-vs-fld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/caps-vs-fld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAPS correlations · FLD correlations
