EEIQ vs FLZH: Correlation
How closely do EpicQuest Education Group International Limited (EEIQ) and Flash Sports & Media Holdings, Inc. (FLZH) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and FLZH?
Across a 3-year window, the weekly returns of EEIQ and FLZH correlate at 0.79, strong. The link has tightened recently: the 1-year correlation (0.94) runs above the 3-year figure (0.79). Stretching to 5 years gives 0.68, with an annualized covariance of 64651.9 %².
FLZH is one of the assets that tracks EEIQ most closely: it ranks #1 out of the 16 assets we track against EEIQ. Their recent paths diverged sharply: over the last 12 months EEIQ outperformed by 30.9 percentage points (-68.3% for EEIQ against -99.2% for FLZH). Risk is not evenly split, since FLZH carries 2.2 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.
EEIQ vs FLZH: side by side
| EEIQ (EpicQuest Education Group International Limited) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | -68.3% | -99.2% |
| 5-year return | -95.4% | -100.0% |
| Volatility (ann.) | 193.1% | 424.7% |
| Beta vs S&P 500 | -0.48 | -2.13 |
| Max drawdown (3Y) | -94.3% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEIQ | FLZH |
|---|---|---|
| 2022 | -33.0% | -74.0% |
| 2023 | -11.8% | -48.5% |
| 2024 | -46.7% | -32.5% |
| 2025 | -78.7% | -70.4% |
| 2026 | -25.1% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and FLZH good diversifiers for each other?
Only partially. A correlation of 0.79 means EEIQ and FLZH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EEIQ and FLZH?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.94 over the last year and 0.68 over 5 years.
Is FLZH a good diversifier for EEIQ?
Only partially. A correlation of 0.79 means EEIQ and FLZH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EEIQ correlations · FLZH correlations
