FIRY vs LMT: Correlation
How closely do Firy Inc. (FIRY) and Lockheed Martin (LMT) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIRY and LMT?
Across a 3-year window, the weekly returns of FIRY and LMT correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.20 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -497.3 %².
Out of 16 assets tracked against FIRY, LMT lands near the bottom at #13. Over the last 12 months LMT came out ahead by 11.7 percentage points (+16.2% against +27.9%). Risk is not evenly split, since FIRY carries 3.7 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.
FIRY vs LMT: side by side
| FIRY (Firy Inc.) | LMT (Lockheed Martin) | |
|---|---|---|
| 1-year return | +16.2% | +27.9% |
| 5-year return | -95.2% | +78.9% |
| Volatility (ann.) | 95.3% | 26.0% |
| Beta vs S&P 500 | 2.29 | 0.20 |
| Max drawdown (3Y) | -74.9% | -31.8% |
| Market cap | $0.2B | $130.6B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 0.00% | 2.41% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FIRY | LMT |
|---|---|---|
| 2022 | -93.2% | +40.5% |
| 2023 | -38.3% | -4.3% |
| 2024 | -19.4% | +10.0% |
| 2025 | -14.3% | +2.5% |
| 2026 | +136.4% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIRY and LMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIRY and LMT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.36 over the last year and -0.12 over 5 years.
Is LMT a good diversifier for FIRY?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
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/firy-vs-lmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/firy-vs-lmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIRY correlations · LMT correlations
