EGY vs FLYX: Correlation
VAALCO Energy, Inc. (EGY) and flyExclusive, Inc. (FLYX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGY and FLYX?
Across a 3-year window, the weekly returns of EGY and FLYX correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1467.4 %².
Out of 10 assets tracked against EGY, FLYX lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with EGY ahead by 126.7 points (+57.0% versus -69.7%). One caveat on sizing: FLYX is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EGY vs FLYX: side by side
| EGY (VAALCO Energy, Inc.) | FLYX (flyExclusive, Inc.) | |
|---|---|---|
| 1-year return | +57.0% | -69.7% |
| 5-year return | +195.9% | n/a |
| Volatility (ann.) | 47.9% | 110.3% |
| Beta vs S&P 500 | 0.50 | 0.67 |
| Max drawdown (3Y) | -56.5% | -94.3% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 4.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGY | FLYX |
|---|---|---|
| 2022 | +45.5% | – |
| 2023 | +4.4% | – |
| 2024 | +2.0% | -42.7% |
| 2025 | -10.7% | +30.5% |
| 2026 | +64.0% | -68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGY and FLYX good diversifiers for each other?
Yes. With a correlation of -0.27, EGY and FLYX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EGY and FLYX?
The EGY/FLYX correlation stands at -0.27 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FLYX a good diversifier for EGY?
Yes. With a correlation of -0.27, EGY and FLYX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/egy-vs-flyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egy-vs-flyx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EGY correlations · FLYX correlations
