CL vs FLYE: Correlation
How closely do Colgate-Palmolive (CL) and Fly-E Group, Inc. (FLYE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and FLYE?
Across a 3-year window, the weekly returns of CL and FLYE correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -581.3 %².
By 3-year correlation, FLYE places #31 of the 40 assets tracked against CL. The last year tells two different stories: CL led by 99.4 percentage points, +10.4% for CL against -89.0% for FLYE. Note the risk asymmetry: FLYE runs 9.1 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.
CL vs FLYE: side by side
| CL (Colgate-Palmolive) | FLYE (Fly-E Group, Inc.) | |
|---|---|---|
| 1-year return | +10.4% | -89.0% |
| 5-year return | +32.0% | n/a |
| Volatility (ann.) | 16.9% | 153.0% |
| Beta vs S&P 500 | 0.17 | 1.73 |
| Max drawdown (3Y) | -29.0% | -99.8% |
| Market cap | $72.5B | – |
| P/E (trailing) | 36.2 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CL | FLYE |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | +3.8% | – |
| 2024 | +16.6% | – |
| 2025 | -11.0% | -92.1% |
| 2026 | +17.2% | -74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and FLYE good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CL and FLYE?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is FLYE a good diversifier for CL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: CL correlations · FLYE correlations
