FGI vs SLE: Correlation
Measured on weekly returns over the past three years, FGI Industries Ltd. (FGI) and Super League Enterprise, Inc. (SLE) 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 FGI and SLE?
On 3 years of weekly data the FGI/SLE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -3363.1 %².
SLE is close to the least connected end of FGI's tracked universe, ranking #12 of 13. The last year tells two different stories: FGI led by 165.9 percentage points, +75.0% for FGI against -90.9% for SLE.
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.
FGI vs SLE: side by side
| FGI (FGI Industries Ltd.) | SLE (Super League Enterprise, Inc.) | |
|---|---|---|
| 1-year return | +75.0% | -90.9% |
| 5-year return | -61.6% | -100.0% |
| Volatility (ann.) | 133.7% | 126.8% |
| Beta vs S&P 500 | 1.29 | 1.87 |
| Max drawdown (3Y) | -72.6% | -99.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGI | SLE |
|---|---|---|
| 2022 | – | -85.8% |
| 2023 | -23.7% | -77.4% |
| 2024 | -52.7% | -59.3% |
| 2025 | +47.1% | -97.5% |
| 2026 | +31.4% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGI and SLE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FGI and SLE?
As of 2026-08-27, the correlation of weekly returns between FGI and SLE is -0.20 over 3 years, -0.22 over 1 year and -0.12 over 5 years.
Is SLE a good diversifier for FGI?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/fgi-vs-sle.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fgi-vs-sle/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FGI correlations · SLE correlations
