CHD vs FLYE: Correlation
Church & Dwight (CHD) and Fly-E Group, Inc. (FLYE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and FLYE?
On 3 years of weekly data the CHD/FLYE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -548.2 %².
By 3-year correlation, FLYE places #21 of the 27 assets tracked against CHD. Correlation aside, the last 12 months split them widely, with CHD ahead by 100.5 points (+11.5% versus -89.0%). Note the risk asymmetry: FLYE runs 8.7 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.
CHD vs FLYE: side by side
| CHD (Church & Dwight) | FLYE (Fly-E Group, Inc.) | |
|---|---|---|
| 1-year return | +11.5% | -89.0% |
| 5-year return | +30.0% | n/a |
| Volatility (ann.) | 17.6% | 153.0% |
| Beta vs S&P 500 | 0.07 | 1.73 |
| Max drawdown (3Y) | -27.3% | -99.8% |
| Market cap | $24.3B | – |
| P/E (trailing) | 33.0 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CHD | FLYE |
|---|---|---|
| 2022 | -20.4% | – |
| 2023 | +18.7% | – |
| 2024 | +12.0% | – |
| 2025 | -18.9% | -92.1% |
| 2026 | +23.2% | -74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and FLYE good diversifiers for each other?
Yes. With a correlation of -0.20, CHD and FLYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHD and FLYE?
As of 2026-08-27, the correlation of weekly returns between CHD and FLYE is -0.20 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is FLYE a good diversifier for CHD?
Yes. With a correlation of -0.20, CHD and FLYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHD correlations · FLYE correlations
