FIX vs MLGO: Correlation
Measured on weekly returns over the past three years, Comfort Systems USA (FIX) and MicroAlgo, Inc. (MLGO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and MLGO?
Across a 3-year window, the weekly returns of FIX and MLGO correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.21). Stretching to 5 years gives -0.17, with an annualized covariance of -4820.7 %².
By 3-year correlation, MLGO places #30 of the 37 assets tracked against FIX. Their recent paths diverged sharply: over the last 12 months FIX outperformed by 180.9 percentage points (+128.0% for FIX against -52.9% for MLGO). One caveat on sizing: MLGO is 10.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FIX vs MLGO: side by side
| FIX (Comfort Systems USA) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | +128.0% | -52.9% |
| 5-year return | +2077.9% | -100.0% |
| Volatility (ann.) | 47.4% | 489.7% |
| Beta vs S&P 500 | 1.74 | -2.77 |
| Max drawdown (3Y) | -46.0% | -100.0% |
| Market cap | $56.8B | – |
| P/E (trailing) | 39.8 | 1.9 |
| Dividend yield | 0.16% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FIX | MLGO |
|---|---|---|
| 2022 | +17.0% | -87.6% |
| 2023 | +79.6% | -27.0% |
| 2024 | +106.9% | -97.9% |
| 2025 | +120.9% | -96.1% |
| 2026 | +73.3% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and MLGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIX and MLGO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.09 over the last year and -0.17 over 5 years.
Is MLGO a good diversifier for FIX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/fix-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fix-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIX correlations · MLGO correlations
