FER vs MNY: Correlation
Ferrovial N.V. (FER) and MoneyHero Limited - Class A (MNY) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FER and MNY?
Across a 3-year window, the weekly returns of FER and MNY correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.26 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -1166.9 %².
Among the 11 assets we track against FER, MNY sits near the bottom by co-movement, at rank #9. The last year tells two different stories: FER led by 64.9 percentage points, +9.9% for FER against -55.0% for MNY. Note the risk asymmetry: MNY runs 5.5 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.
FER vs MNY: side by side
| FER (Ferrovial N.V.) | MNY (MoneyHero Limited - Class A) | |
|---|---|---|
| 1-year return | +9.9% | -55.0% |
| 5-year return | +129.1% | -91.3% |
| Volatility (ann.) | 28.5% | 157.6% |
| Beta vs S&P 500 | 0.65 | 1.67 |
| Max drawdown (3Y) | -20.2% | -94.1% |
| Market cap | $42.4B | – |
| P/E (trailing) | 61.9 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FER | MNY |
|---|---|---|
| 2022 | -5.6% | +0.9% |
| 2023 | +44.1% | -82.6% |
| 2024 | +21.3% | -34.9% |
| 2025 | +56.4% | +12.5% |
| 2026 | -8.1% | -32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FER and MNY good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FER and MNY?
The FER/MNY correlation stands at -0.26 on a 3-year window (1 year: 0.15, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is MNY a good diversifier for FER?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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
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Related comparisons
Hubs: FER correlations · MNY correlations
