FEMY vs PPL: Correlation
Measured on weekly returns over the past three years, Femasys Inc. (FEMY) and PPL Corporation (PPL) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and PPL?
Over the past 3 years, FEMY and PPL moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.20). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1807.5 %².
Within FEMY's tracked universe of 32 assets, PPL comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PPL ahead by 58.2 points (-61.2% versus -3.0%). Risk is not evenly split, since FEMY carries 29.3 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 PPL: side by side
| FEMY (Femasys Inc.) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | -61.2% | -3.0% |
| 5-year return | -98.0% | +41.1% |
| Volatility (ann.) | 509.3% | 17.4% |
| Beta vs S&P 500 | -0.49 | 0.13 |
| Max drawdown (3Y) | -97.2% | -13.3% |
| Market cap | – | $25.9B |
| P/E (trailing) | – | 20.7 |
| Dividend yield | 0.00% | 3.18% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | FEMY | PPL |
|---|---|---|
| 2022 | -76.9% | +0.4% |
| 2023 | +8.3% | -3.8% |
| 2024 | +12.8% | +24.0% |
| 2025 | -47.6% | +11.4% |
| 2026 | -75.8% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and PPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FEMY and PPL?
As of 2026-08-27, the correlation of weekly returns between FEMY and PPL is -0.20 over 3 years, 0.04 over 1 year and -0.14 over 5 years.
Is PPL a good diversifier for FEMY?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: FEMY correlations · PPL correlations
