ECPG vs FLYW: Correlation
Encore Capital Group Inc (ECPG) and Flywire Corporation - Voting (FLYW) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECPG and FLYW?
Across a 3-year window, the weekly returns of ECPG and FLYW correlate at 0.50, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.50). Stretching to 5 years gives 0.37, with an annualized covariance of 967.3 %².
Within ECPG's tracked universe of 16 assets, FLYW comes in at #6 by 3-year correlation. The last year tells two different stories: ECPG led by 101.2 percentage points, +144.3% for ECPG against +43.1% for FLYW. Risk is not evenly split, since FLYW carries 1.5 times the volatility of the other side.
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.
ECPG vs FLYW: side by side
| ECPG (Encore Capital Group Inc) | FLYW (Flywire Corporation - Voting) | |
|---|---|---|
| 1-year return | +144.3% | +43.1% |
| 5-year return | +114.1% | -57.5% |
| Volatility (ann.) | 35.6% | 54.1% |
| Beta vs S&P 500 | 0.85 | 1.13 |
| Max drawdown (3Y) | -49.2% | -75.7% |
| Market cap | $2.2B | $2.3B |
| P/E (trailing) | 7.7 | 69.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | FLYW |
|---|---|---|
| 2022 | -22.8% | -35.7% |
| 2023 | +5.9% | -5.4% |
| 2024 | -5.9% | -10.9% |
| 2025 | +13.8% | -31.3% |
| 2026 | +87.6% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and FLYW good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ECPG and FLYW?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.34 over the last year and 0.37 over 5 years.
Is FLYW a good diversifier for ECPG?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecpg-vs-flyw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecpg-vs-flyw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECPG correlations · FLYW correlations
