FEMY vs SCYX: Correlation
How closely do Femasys Inc. (FEMY) and SCYNEXIS, Inc. (SCYX) 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 SCYX?
Over the past 3 years, FEMY and SCYX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -8915.8 %².
By 3-year correlation, SCYX places #16 of the 32 assets tracked against FEMY. Their recent paths diverged sharply: over the last 12 months SCYX outperformed by 43.8 percentage points (-61.2% for FEMY against -17.4% for SCYX). Note the risk asymmetry: FEMY runs 6.4 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 SCYX: side by side
| FEMY (Femasys Inc.) | SCYX (SCYNEXIS, Inc.) | |
|---|---|---|
| 1-year return | -61.2% | -17.4% |
| 5-year return | -98.0% | -89.1% |
| Volatility (ann.) | 509.3% | 79.8% |
| Beta vs S&P 500 | -0.49 | 1.52 |
| Max drawdown (3Y) | -97.2% | -87.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | SCYX |
|---|---|---|
| 2022 | -76.9% | -74.4% |
| 2023 | +8.3% | +42.9% |
| 2024 | +12.8% | -45.7% |
| 2025 | -47.6% | -47.8% |
| 2026 | -75.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and SCYX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEMY and SCYX?
As of 2026-08-27, the correlation of weekly returns between FEMY and SCYX is -0.22 over 3 years, -0.21 over 1 year and -0.15 over 5 years.
Is SCYX a good diversifier for FEMY?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Related comparisons
Hubs: FEMY correlations · SCYX correlations
