FIEE vs SRL: Correlation
Measured on weekly returns over the past three years, FiEE, Inc (FIEE) and Scully Royalty Ltd. (SRL) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIEE and SRL?
Across a 3-year window, the weekly returns of FIEE and SRL correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 6283.1 %².
SRL is one of the assets that tracks FIEE most closely: it ranks #2 out of the 12 assets we track against FIEE. Correlation aside, the last 12 months split them widely, with FIEE ahead by 34.9 points (+45.1% versus +10.2%). Risk is not evenly split, since FIEE carries 5.6 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 SRL: side by side
| FIEE (FiEE, Inc) | SRL (Scully Royalty Ltd.) | |
|---|---|---|
| 1-year return | +45.1% | +10.2% |
| 5-year return | -92.3% | -40.6% |
| Volatility (ann.) | 279.4% | 50.0% |
| Beta vs S&P 500 | 0.29 | 0.34 |
| Max drawdown (3Y) | -98.1% | -51.2% |
| 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 | SRL |
|---|---|---|
| 2022 | -84.8% | -4.5% |
| 2023 | -58.5% | -19.1% |
| 2024 | -88.8% | +51.6% |
| 2025 | +1359.1% | -4.5% |
| 2026 | +28.8% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIEE and SRL good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIEE and SRL?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.36 over the last year and 0.35 over 5 years.
Is SRL a good diversifier for FIEE?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FIEE correlations · SRL correlations
