CPIX vs FBYD: Correlation
How closely do Cumberland Pharmaceuticals Inc. (CPIX) and Falcon's Beyond Global, Inc. (FBYD) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPIX and FBYD?
Across a 3-year window, the weekly returns of CPIX and FBYD correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.36). Stretching to 5 years gives n/a, with an annualized covariance of 5954.9 %².
Within CPIX's tracked universe of 16 assets, FBYD comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPIX outperformed by 187.8 percentage points (+228.1% for CPIX against +40.3% for FBYD).
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.
CPIX vs FBYD: side by side
| CPIX (Cumberland Pharmaceuticals Inc.) | FBYD (Falcon's Beyond Global, Inc.) | |
|---|---|---|
| 1-year return | +228.1% | +40.3% |
| 5-year return | +295.6% | n/a |
| Volatility (ann.) | 117.9% | 137.7% |
| Beta vs S&P 500 | 0.07 | 0.37 |
| Max drawdown (3Y) | -71.9% | -81.2% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPIX | FBYD |
|---|---|---|
| 2022 | -51.8% | – |
| 2023 | -20.4% | – |
| 2024 | +32.4% | -22.0% |
| 2025 | +67.9% | +87.8% |
| 2026 | +180.3% | -33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPIX and FBYD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPIX and FBYD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is FBYD a good diversifier for CPIX?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpix-vs-fbyd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpix-vs-fbyd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPIX correlations · FBYD correlations
