DE vs FBYD: Correlation
How closely do Deere & Company (DE) and Falcon's Beyond Global, Inc. (FBYD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and FBYD?
On 3 years of weekly data the DE/FBYD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.17). The 5-year figure is n/a, and annualized covariance runs at -616.1 %².
Among the 33 assets we track against DE, FBYD ranks #26 by 3-year correlation. The trailing year gives FBYD the advantage: +27.9% versus +40.3%, a 12.4-point spread. Note the risk asymmetry: FBYD runs 5.2 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.
DE vs FBYD: side by side
| DE (Deere & Company) | FBYD (Falcon's Beyond Global, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | +40.3% |
| 5-year return | +74.5% | n/a |
| Volatility (ann.) | 26.7% | 137.7% |
| Beta vs S&P 500 | 0.65 | 0.37 |
| Max drawdown (3Y) | -19.9% | -81.2% |
| Market cap | $168.1B | $0.5B |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | FBYD |
|---|---|---|
| 2022 | +26.6% | – |
| 2023 | -5.5% | – |
| 2024 | +7.6% | -22.0% |
| 2025 | +11.4% | +87.8% |
| 2026 | +34.5% | -33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and FBYD good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DE and FBYD?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.35 over the last year and n/a over 5 years.
Is FBYD a good diversifier for DE?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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: DE correlations · FBYD correlations
