FIP vs FTAI: Correlation
FTAI Infrastructure Inc. (FIP) and FTAI Aviation Ltd. (FTAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIP and FTAI?
Over the past 3 years, FIP and FTAI moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1224.7 %².
Within FIP's tracked universe of 13 assets, FTAI comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTAI ahead by 61.6 points (-27.5% versus +34.1%).
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.
FIP vs FTAI: side by side
| FIP (FTAI Infrastructure Inc.) | FTAI (FTAI Aviation Ltd.) | |
|---|---|---|
| 1-year return | -27.5% | +34.1% |
| 5-year return | n/a | +884.3% |
| Volatility (ann.) | 56.6% | 59.0% |
| Beta vs S&P 500 | 1.48 | 1.11 |
| Max drawdown (3Y) | -68.0% | -52.1% |
| Market cap | $0.4B | $20.5B |
| P/E (trailing) | – | 43.8 |
| Dividend yield | 3.22% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIP | FTAI |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | +36.9% | +181.6% |
| 2024 | +89.5% | +214.7% |
| 2025 | -34.9% | +38.0% |
| 2026 | -19.2% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIP and FTAI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FIP and FTAI?
The FIP/FTAI correlation stands at 0.37 on a 3-year window (1 year: 0.39, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is FTAI a good diversifier for FIP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/fip-vs-ftai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fip-vs-ftai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIP correlations · FTAI correlations
