FEMY vs FTS: Correlation
How closely do Femasys Inc. (FEMY) and Fortis Inc. (FTS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and FTS?
On 3 years of weekly data the FEMY/FTS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.22). The 5-year figure is -0.15, and annualized covariance runs at -1655.9 %².
Within FEMY's tracked universe of 32 assets, FTS comes in at #14 by 3-year correlation. The last year tells two different stories: FTS led by 73.6 percentage points, -61.2% for FEMY against +12.4% for FTS. Risk is not evenly split, since FEMY carries 34.9 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.
FEMY vs FTS: side by side
| FEMY (Femasys Inc.) | FTS (Fortis Inc.) | |
|---|---|---|
| 1-year return | -61.2% | +12.4% |
| 5-year return | -98.0% | +43.4% |
| Volatility (ann.) | 509.3% | 14.6% |
| Beta vs S&P 500 | -0.49 | 0.04 |
| Max drawdown (3Y) | -97.2% | -11.6% |
| Market cap | – | $28.0B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 4.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | FTS |
|---|---|---|
| 2022 | -76.9% | -13.9% |
| 2023 | +8.3% | +7.0% |
| 2024 | +12.8% | +5.4% |
| 2025 | -47.6% | +28.5% |
| 2026 | -75.8% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and FTS good diversifiers for each other?
Yes. With a correlation of -0.22, FEMY and FTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEMY and FTS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.08 over the last year and -0.15 over 5 years.
Is FTS a good diversifier for FEMY?
Yes. With a correlation of -0.22, FEMY and FTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/femy-vs-fts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/femy-vs-fts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEMY correlations · FTS correlations
