FFAI vs MSCI: Correlation
How closely do Faraday Future Intelligent Electric Inc. (FFAI) and MSCI (MSCI) 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 FFAI and MSCI?
On 3 years of weekly data the FFAI/MSCI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.22). The 5-year figure is -0.13, and annualized covariance runs at -16577.7 %².
By 3-year correlation, MSCI places #12 of the 17 assets tracked against FFAI. Twelve-month performance is nearly a tie, at -2.1% for FFAI and +1.3% for MSCI. Note the risk asymmetry: FFAI runs 118.3 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.
FFAI vs MSCI: side by side
| FFAI (Faraday Future Intelligent Electric Inc.) | MSCI (MSCI) | |
|---|---|---|
| 1-year return | -2.1% | +1.3% |
| 5-year return | -100.0% | -5.6% |
| Volatility (ann.) | 3004.8% | 25.4% |
| Beta vs S&P 500 | -1.32 | 0.85 |
| Max drawdown (3Y) | -100.0% | -26.0% |
| Market cap | – | $41.4B |
| P/E (trailing) | – | 30.9 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FFAI | MSCI |
|---|---|---|
| 2022 | -94.5% | -23.3% |
| 2023 | -99.0% | +22.9% |
| 2024 | -91.2% | +7.3% |
| 2025 | -58.0% | -3.2% |
| 2026 | +128.4% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFAI and MSCI good diversifiers for each other?
Yes. With a correlation of -0.22, FFAI and MSCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FFAI and MSCI?
The FFAI/MSCI correlation stands at -0.22 on a 3-year window (1 year: -0.42, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MSCI a good diversifier for FFAI?
Yes. With a correlation of -0.22, FFAI and MSCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ffai-vs-msci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffai-vs-msci/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFAI correlations · MSCI correlations
