DOC vs FLYE: Correlation
Healthpeak Properties (DOC) and Fly-E Group, Inc. (FLYE) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and FLYE?
Across a 3-year window, the weekly returns of DOC and FLYE correlate at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -612.2 %².
Among the 35 assets we track against DOC, FLYE ranks #26 by 3-year correlation. The last year tells two different stories: DOC led by 115.7 percentage points, +26.7% for DOC against -89.0% for FLYE. Note the risk asymmetry: FLYE runs 5.6 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.
DOC vs FLYE: side by side
| DOC (Healthpeak Properties) | FLYE (Fly-E Group, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -89.0% |
| 5-year return | -21.6% | n/a |
| Volatility (ann.) | 27.1% | 153.0% |
| Beta vs S&P 500 | 0.53 | 1.73 |
| Max drawdown (3Y) | -26.0% | -99.8% |
| Market cap | $15.0B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 5.65% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | FLYE |
|---|---|---|
| 2022 | -27.5% | – |
| 2023 | -16.4% | – |
| 2024 | +8.8% | – |
| 2025 | -15.2% | -92.1% |
| 2026 | +37.9% | -74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and FLYE good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOC and FLYE?
As of 2026-08-27, the correlation of weekly returns between DOC and FLYE is -0.15 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is FLYE a good diversifier for DOC?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 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: DOC correlations · FLYE correlations
