FEMY vs GFR: Correlation
How closely do Femasys Inc. (FEMY) and Greenfire Resources Ltd. (GFR) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and GFR?
Across a 3-year window, the weekly returns of FEMY and GFR correlate at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Stretching to 5 years gives -0.40, with an annualized covariance of -10960.5 %².
GFR is close to the least connected end of FEMY's tracked universe, ranking #31 of 32. Their recent paths diverged sharply: over the last 12 months GFR outperformed by 84.2 percentage points (-61.2% for FEMY against +23.0% for GFR). Note the risk asymmetry: FEMY runs 9.5 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.
FEMY vs GFR: side by side
| FEMY (Femasys Inc.) | GFR (Greenfire Resources Ltd.) | |
|---|---|---|
| 1-year return | -61.2% | +23.0% |
| 5-year return | -98.0% | -37.0% |
| Volatility (ann.) | 509.3% | 53.7% |
| Beta vs S&P 500 | -0.49 | 0.55 |
| Max drawdown (3Y) | -97.2% | -63.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | GFR |
|---|---|---|
| 2022 | -76.9% | +2.7% |
| 2023 | +8.3% | -52.1% |
| 2024 | +12.8% | +45.3% |
| 2025 | -47.6% | -32.6% |
| 2026 | -75.8% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and GFR good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEMY and GFR?
As of 2026-08-27, the correlation of weekly returns between FEMY and GFR is -0.40 over 3 years, -0.39 over 1 year and -0.40 over 5 years.
Is GFR a good diversifier for FEMY?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
A reading of -0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FEMY correlations · GFR correlations
