FEMY vs NYC: Correlation
Measured on weekly returns over the past three years, Femasys Inc. (FEMY) and American Strategic Investment Co. (NYC) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and NYC?
Over the past 3 years, FEMY and NYC moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (-0.21) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 12698.8 %².
By 3-year correlation, NYC places #6 of the 32 assets tracked against FEMY. Their recent paths diverged sharply: over the last 12 months NYC outperformed by 21.6 percentage points (-61.2% for FEMY against -39.6% for NYC). Risk is not evenly split, since FEMY carries 8.6 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 NYC: side by side
| FEMY (Femasys Inc.) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | -61.2% | -39.6% |
| 5-year return | -98.0% | -9.2% |
| Volatility (ann.) | 509.3% | 59.5% |
| Beta vs S&P 500 | -0.49 | 0.56 |
| Max drawdown (3Y) | -97.2% | -60.0% |
| Market cap | – | – |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | NYC |
|---|---|---|
| 2022 | -76.9% | -80.8% |
| 2023 | +8.3% | +350.3% |
| 2024 | +12.8% | +6.5% |
| 2025 | -47.6% | -2.4% |
| 2026 | -75.8% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and NYC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FEMY and NYC?
The FEMY/NYC correlation stands at 0.42 on a 3-year window (1 year: -0.21, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is NYC a good diversifier for FEMY?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/femy-vs-nyc.json
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[](https://www.pairbook.io/pair/femy-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEMY correlations · NYC correlations
