FBLG vs STRT: Correlation
FibroBiologics, Inc. (FBLG) and STRATTEC SECURITY CORPORATION (STRT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBLG and STRT?
Over the past 3 years, FBLG and STRT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1960.6 %².
STRT is close to the least connected end of FBLG's tracked universe, ranking #15 of 15. The last year tells two different stories: STRT led by 92.8 percentage points, -87.6% for FBLG against +5.2% for STRT. Risk is not evenly split, since FBLG carries 2.7 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.
FBLG vs STRT: side by side
| FBLG (FibroBiologics, Inc.) | STRT (STRATTEC SECURITY CORPORATION) | |
|---|---|---|
| 1-year return | -87.6% | +5.2% |
| 5-year return | n/a | +89.4% |
| Volatility (ann.) | 150.1% | 56.1% |
| Beta vs S&P 500 | 0.40 | 1.15 |
| Max drawdown (3Y) | -99.9% | -36.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 14.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBLG | STRT |
|---|---|---|
| 2022 | – | -44.5% |
| 2023 | – | +23.3% |
| 2024 | – | +62.6% |
| 2025 | -88.8% | +84.8% |
| 2026 | -66.9% | -7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBLG and STRT good diversifiers for each other?
Yes. With a correlation of -0.23, FBLG and STRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FBLG and STRT?
As of 2026-08-27, the correlation of weekly returns between FBLG and STRT is -0.23 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is STRT a good diversifier for FBLG?
Yes. With a correlation of -0.23, FBLG and STRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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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Related comparisons
Hubs: FBLG correlations · STRT correlations
