FIRY vs TORO: Correlation
Firy Inc. (FIRY) and Toro Corp. (TORO) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIRY and TORO?
Across a 3-year window, the weekly returns of FIRY and TORO correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 3079.9 %².
Within FIRY's tracked universe of 16 assets, TORO comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TORO outperformed by 260.1 percentage points (+16.2% for FIRY against +276.3% for TORO).
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 TORO: side by side
| FIRY (Firy Inc.) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | +16.2% | +276.3% |
| 5-year return | -95.2% | n/a |
| Volatility (ann.) | 95.3% | 78.4% |
| Beta vs S&P 500 | 2.29 | 0.97 |
| Max drawdown (3Y) | -74.9% | -71.5% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | 311.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIRY | TORO |
|---|---|---|
| 2022 | -93.2% | – |
| 2023 | -38.3% | – |
| 2024 | -19.4% | -42.9% |
| 2025 | -14.3% | +87.9% |
| 2026 | +136.4% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIRY and TORO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIRY and TORO?
As of 2026-08-27, the correlation of weekly returns between FIRY and TORO is 0.41 over 3 years, 0.60 over 1 year and n/a over 5 years.
Is TORO a good diversifier for FIRY?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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: FIRY correlations · TORO correlations
