FLD vs MLGO: Correlation
How closely do Fold Holdings, Inc. (FLD) and MicroAlgo, Inc. (MLGO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLD and MLGO?
Across a 3-year window, the weekly returns of FLD and MLGO correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.32) than the 3-year average (-0.24). Stretching to 5 years gives -0.24, with an annualized covariance of -9245.8 %².
Out of 13 assets tracked against FLD, MLGO lands near the bottom at #9. The last year tells two different stories: MLGO led by 30.7 percentage points, -83.6% for FLD against -52.9% for MLGO. One caveat on sizing: MLGO is 6.2 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.
FLD vs MLGO: side by side
| FLD (Fold Holdings, Inc.) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | -83.6% | -52.9% |
| 5-year return | -93.7% | -100.0% |
| Volatility (ann.) | 78.8% | 489.7% |
| Beta vs S&P 500 | 0.49 | -2.77 |
| Max drawdown (3Y) | -96.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLD | MLGO |
|---|---|---|
| 2022 | – | -87.6% |
| 2023 | +5.3% | -27.0% |
| 2024 | +5.2% | -97.9% |
| 2025 | -76.5% | -96.1% |
| 2026 | -76.6% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLD and MLGO good diversifiers for each other?
Yes. With a correlation of -0.24, FLD and MLGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLD and MLGO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.32 over the last year and -0.24 over 5 years.
Is MLGO a good diversifier for FLD?
Yes. With a correlation of -0.24, FLD and MLGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/fld-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fld-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLD correlations · MLGO correlations
