EBAY vs FMC: Correlation
How closely do eBay Inc. (EBAY) and FMC Corporation (FMC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and FMC?
Over the past 3 years, EBAY and FMC moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.41 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 663.7 %².
In EBAY's tracked universe of 33 assets, FMC sits right near the top at #1. Correlation aside, the last 12 months split them widely, with EBAY ahead by 82.8 points (+10.6% versus -72.2%). Note the risk asymmetry: FMC runs 1.9 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.
EBAY vs FMC: side by side
| EBAY (eBay Inc.) | FMC (FMC Corporation) | |
|---|---|---|
| 1-year return | +10.6% | -72.2% |
| 5-year return | +43.9% | -86.6% |
| Volatility (ann.) | 28.9% | 56.2% |
| Beta vs S&P 500 | 0.58 | 0.82 |
| Max drawdown (3Y) | -20.7% | -87.3% |
| Market cap | $45.5B | $1.3B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 7.40% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | FMC |
|---|---|---|
| 2022 | -36.5% | +15.7% |
| 2023 | +7.7% | -48.0% |
| 2024 | +44.8% | -19.7% |
| 2025 | +42.7% | -70.0% |
| 2026 | +18.1% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and FMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EBAY and FMC?
As of 2026-08-27, the correlation of weekly returns between EBAY and FMC is 0.41 over 3 years, 0.56 over 1 year and 0.33 over 5 years.
Is FMC a good diversifier for EBAY?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/ebay-vs-fmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebay-vs-fmc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EBAY correlations · FMC correlations
