EYPT vs FBIO: Correlation
EyePoint, Inc. (EYPT) and Fortress Biotech, Inc. (FBIO) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EYPT and FBIO?
Over the past 3 years, EYPT and FBIO moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.40). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 5359.5 %².
By 3-year correlation, FBIO places #11 of the 21 assets tracked against EYPT. Correlation aside, the last 12 months split them widely, with FBIO ahead by 80.6 points (-60.9% versus +19.7%). Note the risk asymmetry: EYPT runs 1.5 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.
EYPT vs FBIO: side by side
| EYPT (EyePoint, Inc.) | FBIO (Fortress Biotech, Inc.) | |
|---|---|---|
| 1-year return | -60.9% | +19.7% |
| 5-year return | -54.3% | -94.3% |
| Volatility (ann.) | 141.5% | 94.3% |
| Beta vs S&P 500 | 2.40 | 1.35 |
| Max drawdown (3Y) | -86.1% | -78.2% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 1.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EYPT | FBIO |
|---|---|---|
| 2022 | -71.4% | -73.6% |
| 2023 | +560.3% | -69.6% |
| 2024 | -67.8% | -32.6% |
| 2025 | +145.2% | +80.3% |
| 2026 | -74.7% | -23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EYPT and FBIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EYPT and FBIO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.24 over the last year and 0.28 over 5 years.
Is FBIO a good diversifier for EYPT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/eypt-vs-fbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eypt-vs-fbio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EYPT correlations · FBIO correlations
