FBYD vs IEX: Correlation
Measured on weekly returns over the past three years, Falcon's Beyond Global, Inc. (FBYD) and IDEX Corporation (IEX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBYD and IEX?
Over the past 3 years, FBYD and IEX moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.17 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -533.4 %².
Among the 13 assets we track against FBYD, IEX sits near the bottom by co-movement, at rank #10. Twelve-month performance is nearly a tie, at +40.3% for FBYD and +43.0% for IEX. Risk is not evenly split, since FBYD carries 5.9 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.
FBYD vs IEX: side by side
| FBYD (Falcon's Beyond Global, Inc.) | IEX (IDEX Corporation) | |
|---|---|---|
| 1-year return | +40.3% | +43.0% |
| 5-year return | n/a | +10.5% |
| Volatility (ann.) | 137.7% | 23.3% |
| Beta vs S&P 500 | 0.37 | 0.89 |
| Max drawdown (3Y) | -81.2% | -34.6% |
| Market cap | $0.5B | $17.2B |
| P/E (trailing) | – | 33.8 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FBYD | IEX |
|---|---|---|
| 2022 | – | -2.2% |
| 2023 | – | -3.8% |
| 2024 | -22.0% | -2.4% |
| 2025 | +87.8% | -13.7% |
| 2026 | -33.4% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBYD and IEX good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FBYD and IEX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.16 over the last year and n/a over 5 years.
Is IEX a good diversifier for FBYD?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/fbyd-vs-iex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbyd-vs-iex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBYD correlations · IEX correlations
