FIEE vs PYPD: Correlation
FiEE, Inc (FIEE) and PolyPid Ltd. (PYPD) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIEE and PYPD?
Over the past 3 years, FIEE and PYPD moved with a correlation of 0.29, which is weak. Little has changed lately, as the 1-year reading of 0.19 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 6539.0 %².
Within FIEE's tracked universe of 12 assets, PYPD comes in at #5 by 3-year correlation. Their 12-month results are close: +45.1% for FIEE against +49.7% for PYPD. Risk is not evenly split, since FIEE carries 3.4 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.
FIEE vs PYPD: side by side
| FIEE (FiEE, Inc) | PYPD (PolyPid Ltd.) | |
|---|---|---|
| 1-year return | +45.1% | +49.7% |
| 5-year return | -92.3% | -98.1% |
| Volatility (ann.) | 279.4% | 81.4% |
| Beta vs S&P 500 | 0.29 | 0.49 |
| Max drawdown (3Y) | -98.1% | -74.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIEE | PYPD |
|---|---|---|
| 2022 | -84.8% | -87.8% |
| 2023 | -58.5% | -81.9% |
| 2024 | -88.8% | -20.0% |
| 2025 | +1359.1% | +42.8% |
| 2026 | +28.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIEE and PYPD good diversifiers for each other?
Reasonably. At 0.29, FIEE and PYPD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIEE and PYPD?
The FIEE/PYPD correlation stands at 0.29 on a 3-year window (1 year: 0.19, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is PYPD a good diversifier for FIEE?
Reasonably. At 0.29, FIEE and PYPD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/fiee-vs-pypd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fiee-vs-pypd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIEE correlations · PYPD correlations
